New Issue: Morgan Stanley prices $366,000 contingent income autocallables on three indexes

New York, April 29 – Morgan Stanley Finance LLC priced $366,000 of contingent income autocallable securities due April 4, 2023 linked to the Russell 2000 index, the Dow Jones industrial average and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 8.75%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.

The securities will be called automatically starting March 30, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.

If the notes have not been called, the payout at maturity will be par unless any index closes below its 70% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Contingent income autocallable securities
Underlying indexes:	Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index
Amount:	$366,000
Maturity:	April 4, 2023
Coupon:	8.75%, 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 any index closes below its 70% downside threshold during the life of the notes and any index finishes below its initial level, in which case investors will lose 1% for every 1% that the worst performer finishes below its initial level
Call:	Automatically starting March 30, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
Initial levels:	33,843.92 for Dow Jones industrial average, 14,689.62 for Nasdaq-100 index, 2,204.372 for Russell 2000 index
Downside threshold:	23,690.744 for Dow Jones industrial average, 10,282.734 for Nasdaq-100 index, 1,543.060 for Russell 2000 index, 70% of initial levels
Pricing date:	Sept. 30, 2021
Settlement date:	Oct. 5, 2021
Agent:	Morgan Stanley & Co. LLC
Fees:	0.5%
Cusip:	61773FWK5

© 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.