Published on 2/7/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.17 million 9.25% callable contingent income notes on indexes
New York, Feb. 7 – Morgan Stanley Finance LLC priced $4.17 million of callable contingent income securities due April 18, 2023 linked to the worst performing of the S&P 500 index, Russell 2000 index and MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.25%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities may be called starting July 16, 2021 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 75% 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
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | S&P 500 index, Russell 2000 index and MSCI Emerging Markets index
|
| Amount: | $4,171,000
|
| Maturity: | April 18, 2023
|
| Coupon: | 9.25% annual rate, paid quarterly, if each underlying index closes at or above its 75% 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 investors will be fully exposed to the decline in the worst performing underlying index
|
| Call: | Starting July 16, 2021 at par on any quarterly call date
|
| Initial level: | 1,323.95 for EM, 2,228.923 for Russell, 4,141.59 for S&P
|
| Downside threshold: | 992.963 EM, 1,671.692 for Russell, 3,106.193 for S&P, 75% of initial levels
|
| Pricing date: | April 13
|
| Settlement date: | April 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61771VTW0
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
