Chicago, Nov. 6 – Morgan Stanley Finance LLC priced $809,000 of fixed-coupon autocallable securities due Nov. 21, 2023 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.5%, paid monthly.
The securities will be called automatically starting April 18, 2023 at par and on any subsequent monthly review date if the stock closes above its initial level.
If the stock gains or ends above the 64% downside threshold the payout at maturity will be par plus the coupon. Investors will lose 1% for every 1% that the stock declines if it finishes below its downside threshold level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-coupon autocallable securities
|
| Underlying stock: | Ford Motor Co.
|
| Amount: | $809,000
|
| Maturity: | Nov. 21, 2023
|
| Coupon: | 16.5% annual rate, paid monthly
|
| Price: | Par
|
| Payout at maturity: | If stock finishes at or above its downside threshold level, par; 1% loss for every 1% that stock declines if it finishes below its downside threshold level
|
| Call: | Automatically starting April 18, 2023 at par and on any subsequent monthly review date if stock closes above initial level
|
| Initial level: | $12.03
|
| Downside threshold: | $7.699, 64% of initial level
|
| Pricing date: | Oct. 18, 2022
|
| Settlement date: | Oct. 21, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61774HVD7
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
