Published on 9/20/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $510,000 16.75% callable contingent income securities linked to indexes
New York, Sept. 20 – Morgan Stanley Finance LLC priced $510,000 of callable contingent income securities due June 6, 2024 linked to Nasdaq-100 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.75%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities may be called starting Dec. 7, 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
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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 Euro Stoxx 50 index
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| Amount: | $510,000
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| Maturity: | June 6, 2024
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| Coupon: | 16.75%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date
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| Price: | Par
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| 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
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| Call: | Starting Dec. 7, 2022 at par on any quarterly call date
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| Initial levels: | 12,098.44 for Nasdaq-100, 1,809.748 for Russell 2000, 3,544.38 for Euro Stoxx 50
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| Downside threshold: | 8,468.908 for Nasdaq-100, 1,266.824 for Russell 2000, 2,481.066 for Euro Stoxx 50, 70% of initial levels
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| Coupon barriers: | 9,073.83 for Nasdaq-100 index, 1,357.311 for Russell 2000 index, 2,658.285 for Euro Stoxx 50 index, 75% of initial levels
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| Pricing date: | Sept. 2, 2022
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| Settlement date: | Sept. 8, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 61774FGD8
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