Published on 9/28/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $260,000 9% callable contingent income notes on Nasdaq, Dow, Russell
By Kiku Steinfeld
Chicago, Sept. 28 – Morgan Stanley Finance LLC priced $260,000 of callable contingent income securities due Feb. 4, 2027 linked to Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date.
The securities may be called starting Aug. 1, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold in which case investors will be fully exposed to the decline of that index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $260,000
|
| Maturity: | Feb. 4, 2027
|
| Coupon: | 9%, paid quarterly, if each underlying index closes at or above its 75% coupon barrier on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying index
|
| Call option: | Starting Aug. 1, 2022 at par on any quarterly call date
|
| Initial levels: | 35,131.86 for Dow, 14,930.05 for Nasdaq, 2,028.453 for Russell
|
| Downside threshold: | 24,592.302 for Dow, 10,451.035 for Nasdaq, 1,419.917 for Russell, 70% of initial levels
|
| Coupon barriers: | 26,348.895 for Dow, 11,197.538 for Nasdaq, 1,521.340 for Russell, 75% of initial levels
|
| Pricing date: | Jan. 31
|
| Settlement date: | Feb. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61773HYD5
|
|
|
© 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.
