Published on 1/7/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $11.6 million 8% callable contingent income securities tied to S&P, Russell, Nasdaq
New York, Jan. 7 – Morgan Stanley Finance LLC priced $11.6 million of callable contingent income securities due Dec. 21, 2023 linked to S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date.
The securities may be called starting March 22 and on any subsequent determination date at par.
At maturity the payout will be par unless the worst performing index closes below its 65% 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: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $11.6 million
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| Maturity: | Dec. 21, 2023
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| Coupon: | 8%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly 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 22 and on any subsequent determination date at par
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| Initial level: | 15,801.46 for Nasdaq-100 index, 2,173.931 for Russell 2000 index, 4,620.64 for S&P 500 index
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| Downside threshold: | 10,270.949 for Nasdaq-100 index, 1,413.055 for Russell 2000 index, 3,003.416 for S&P 500 index, 65% of initial levels
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| Pricing date: | Dec. 17
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| Settlement date: | Dec. 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61773HUQ0
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