Published on 12/15/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2 million callable contingent income securities on Nasdaq, Russell
New York, Dec. 15 – Morgan Stanley Finance LLC priced $2 million of callable contingent income securities due Dec. 12, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.25%, 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 March 10, 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 and Russell 2000 index
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| Amount: | $2 million
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| Maturity: | Dec. 12, 2024
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| Coupon: | 12.25%, 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 March 10, 2022 at par on any quarterly call date
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| Initial level: | 15,712.04 for Nasdaq-100 index, 2,159.310 for Russell 2000 index
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| Downside threshold: | 10,998.428 for Nasdaq-100 index, 1,511.517 for Russell 2000 index, 70% of initial levels
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| Coupon barrier: | 11,784.03 for Nasdaq-100 index, 1,619.483 for Russell 2000 index, 75% of the initial levels
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| Pricing date: | Dec. 6
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| Settlement date: | Dec. 9
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61773HSG5
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