New York, March 23 – Morgan Stanley Finance LLC priced $2 million of contingent income autocallable securities due March 23, 2026 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 11.45%, paid quarterly, if the underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Sept. 22, 2022 at par on any quarterly call determination date.
At maturity the payout will be par unless the underlying index closes below its 75% downside threshold in which case investors will be fully exposed to the decline of the 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 index: | Russell 2000 index
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| Amount: | $2 million
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| Maturity: | March 23, 2026
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| Coupon: | 11.45%, paid quarterly, if the underlying index 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 index closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying index
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| Call: | Automatically starting Sept. 22, 2022 at par on any quarterly call determination date
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| Initial level: | 2,086.143
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| Downside threshold: | 1,564.607, 75% of initial level
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| Pricing date: | March 18
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| Settlement date: | March 23
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773QQC6
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