Published on 1/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.79 million callable contingent income securities on indexes, ETF
New York, Jan. 12 – Morgan Stanley Finance LLC priced $2.79 million of callable contingent income securities due Dec. 4, 2023 linked to the Russell 2000 index, the SPDR S&P Regional Banking ETF and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.17%, paid quarterly, if each underlier closes at or above its 75% downside threshold on the related quarterly observation date.
The securities may be called starting March 4, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing asset closes below its 75% downside threshold in which case investors will be fully exposed to the decline of the worst performing asset.
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 assets: | Russell 2000 index, SPDR S&P Regional Banking ETF and S&P 500 index
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| Amount: | $2,791,000
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| Maturity: | Dec. 4, 2023
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| Coupon: | 11.17%, paid quarterly, if each underlier closes at or above its 75% 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 asset closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying asset
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| Call: | Starting March 4, 2022 at par on any quarterly call date
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| Initial levels: | $71.64 for ETF, 2,241.976 for Russell, 4,655.27 for S&P
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| Downside thresholds: | $53.73 for ETF, 1,681.482 for Russell, 3,491.453 for S&P; 75% of initial levels
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| Pricing date: | Nov. 29, 2021
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| Settlement date: | Dec. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61773HKX6
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