Published on 12/2/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $545,000 10% callable contingent income securities on indexes, fund
Chicago, Dec. 2 – Morgan Stanley Finance LLC priced $545,000 of callable contingent income securities due March 21, 2024 linked to the worst performing of the Russell 2000 index, Financial Select Sector SPDR fund and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10%, paid quarterly, if each underlier closes at or above its 65% downside threshold on the related quarterly observation date.
The securities may be called starting Sept. 22, 2022 at par on any quarterly call date at the option of the issuer.
At maturity the payout will be par unless the worst performing asset closes below its 65% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Callable contingent income securities
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| Underlying assets: | Russell 2000 index, Financial Select Sector SPDR Fund and S&P 500 index
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| Amount: | $545,000
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| Maturity: | March 21, 2024
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| Coupon: | 10% annual rate, paid quarterly, if each underlier closes at or above its 65% downside threshold on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the worst performing asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
|
| Call: | Starting Sept. 22, 2022 at par on any quarterly call date at option of issuer
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| Initial levels: | 2,065.019 for Russell, 4,411.67 for S&P, $38.91 for fund
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| Downside thresholds: | 1,342.262 for Russell, 2,867.586 for S&P, $25.292 for fund, 65% of initial levels
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| Pricing date: | March 17
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| Settlement date: | March 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61773QRQ4
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