Published on 6/7/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.32 million 28% contingent income autocallables on FuelCell
Chicago, June 7 – Morgan Stanley Finance LLC priced $1.32 million of contingent income autocallable securities due Nov. 27, 2024 linked to FuelCell Energy, Inc. common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 28%, paid monthly, if the underlying stock closes at or above its 60% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Feb. 25, 2022 at par if the price of the underlying stock is greater than or equal to 80% of its initial price on any monthly call determination date.
At maturity the payout will be par unless the stock closes below its 50% downside threshold in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying stock: | FuelCell Energy, Inc.
|
| Amount: | $1,318,000
|
| Maturity: | Nov. 27, 2024
|
| Coupon: | 28% annual rate, paid monthly, if the underlying stock closes at or above its 60% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Automatically starting Feb. 25, 2022 at par if the price of the underlying stock is greater than or equal to 80% of its initial price on any monthly call determination date
|
| Initial level: | $9.41
|
| Downside threshold: | $4.705, 50% of initial level
|
| Coupon barrier: | $5.646, 60% of the initial level
|
| Call threshold: | $7.528, 80% of the initial level
|
| Pricing date: | Nov. 22, 2021
|
| Settlement date: | Nov. 26, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.75%
|
| Cusip: | 61773HJG5
|
|
|
© 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.
