Published on 1/2/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.81 million callable contingent income securities on three indexes
By Kiku Steinfeld
Chicago, Jan. 2 – Morgan Stanley Finance LLC priced $2.81 million of callable contingent income securities due June 4, 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 11.6%, paid quarterly, if each index closes at or above its downside threshold on the related quarterly observation date.
The notes may be called starting 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
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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: | $2,805,000
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| Maturity: | June 4, 2024
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| Coupon: | 11.6%, paid quarterly, if each index closes at or above its downside threshold 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 full exposure to the decline in the worst performing underlying index
|
| Call: | Starting at par on any quarterly call date
|
| Initial level: | 35,135.94 for Dow, 16,399.24 for Nasdaq, 2,241.976 for Russell
|
| Downside threshold: | 24,595.158 for Dow, 11,479.468 for Nasdaq, 1,569.383 for Russell; 70% of initial levels
|
| Pricing date: | Nov. 30
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| Settlement date: | Dec. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61773HPH6
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