Published on 2/14/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.97 million 6.5% contingent income autocallables linked to Russell, S&P, Stoxx
New York, Feb. 14 – Morgan Stanley Finance LLC priced $5.97 million of contingent income autocallable securities due Feb. 12, 2027 linked to Russell 2000 index, S&P 500 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 6.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Aug. 9, 2022 at par if the level of each underlying index is greater than or equal to 105% of its initial price on any monthly call determination 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
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index and Euro Stoxx 50 index
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| Amount: | $5,965,000
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| Maturity: | Feb. 12, 2027
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| Coupon: | 6.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly 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: | Automatically starting Aug. 9, 2022 at par if the level of each underlying index is greater than or equal to 105% of its initial price on any monthly call determination date
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| Initial level: | 2,083.499 for Russell 2000 index, 4,587.18 for S&P 500 index, 4,204.09 for Euro Stoxx 50 index
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| Downside threshold: | 1,458.449 for Russell 2000 index, 3,211.026 for S&P 500 index, 2,942.863 for Euro Stoxx 50 index, 70% of initial levels
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| Coupon barrier: | 1,562.624 for Russell 2000 index, 3,440.385 for S&P 500 index, 3,153.068 for Euro Stoxx 50 index, 75% of the initial levels
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| Call threshold: | 2,187.674 for Russell 2000 index, 105% of the initial levels
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| Pricing date: | Feb. 9
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| Settlement date: | Feb. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.64%
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| Cusip: | 61773HK57
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