Published on 12/21/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.15 million callable contingent income securities on indexes
New York, Dec. 21 – Morgan Stanley Finance LLC priced $1.15 million of callable contingent income securities due June 21, 2024 linked to the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid monthly, if each underlying index closes at or above its 50% downside threshold on the related monthly observation date.
The securities may be called at par on any quarterly call date.
If the notes have not been called, the payout at maturity will be par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index finishes below its initial level.
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 indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1.15 million
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| Maturity: | June 21, 2024
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| Coupon: | 10.25%, paid monthly, if each underlying index closes at or above its 50% downside threshold on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless any index closes below its downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performing index finishes below its initial level
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| Call option: | At par on any quarterly call date
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| Initial levels: | 33,202.22 for Dow Jones industrial average, 11,345.22 for Nasdaq-100, 1,774.606 for Russell 2000
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| Downside threshold: | 16,601.11 for Dow Jones industrial average, 5,672.61 for Nasdaq-100, 887.303 for Russell 2000, 50% of initial levels
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 61774TCG5
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