Published on 5/2/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.78 million 10.35% contingent income autocallables on indexes
New York, May 2 – Morgan Stanley Finance LLC priced $4.78 million of contingent income autocallable securities due April 22, 2024 linked to Nasdaq-100 index, S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10.35%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically starting July 27 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination 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: | Contingent income autocallable securities
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
|
| Amount: | $4,782,000
|
| Maturity: | April 22, 2024
|
| Coupon: | 10.35%, 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: | Automatically starting July 27 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: | 13,356.87 for Nasdaq-100 index, 1,940.665 for Russell 2000 index, 4,271.78 for S&P 500 index
|
| Downside threshold: | 10,017.653 for Nasdaq-100 index, 1,455.499 for Russell 2000 index, 3,203.835 for S&P 500 index, 75% of initial levels
|
| Pricing date: | April 22
|
| Settlement date: | April 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61773QR43
|
|
|
|
|
© 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.
