Published on 2/11/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $2.43 million callable contingent income securities on three indexes
New York, Feb. 11 – Morgan Stanley Finance LLC priced $2.43 million of callable contingent income securities due May 11, 2023 linked to the Russell 2000 index, the Euro Stoxx 50 index and the S&P 500 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 70% downside threshold on the related quarterly observation date.
The securities may be called starting May 12 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
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Russell 2000 index, Euro Stoxx 50 index and S&P 500 index
|
| Amount: | $2,433,000
|
| Maturity: | May 11, 2023
|
| Coupon: | 9.25%, paid quarterly, if each underlying index closes at or above its 70% 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 May 12 at par on any quarterly call date
|
| Initial level: | 2,045.374 for Russell 2000 index, 4,521.54 for S&P 500 index, 4,129.25 for Euro Stoxx 50 index
|
| Downside threshold: | 1,431.762 for Russell 2000 index, 3,165.078 for S&P 500 index, 2,890.475 for Euro Stoxx 50 index, 70% of initial levels
|
| Pricing date: | Feb. 8
|
| Settlement date: | Feb. 11
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
|
|
| Cusip: | 61773H6P9
|
|
|
|
|
© 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.
