Published on 5/2/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.98 million 7.65% callable contingent income securities linked to indexes
New York, May 2 – Morgan Stanley Finance LLC priced $6.98 million of callable contingent income securities due April 22, 2024 linked to S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.65%, paid quarterly, if each underlying index closes at or above its 65% coupon barrier on the related quarterly observation date.
The securities may be called starting July 27 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 60% 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: | Callable contingent income securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $6,975,000
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| Maturity: | April 22, 2024
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| Coupon: | 7.65%, paid quarterly, if each underlying index closes at or above its 65% coupon barrier on the related quarterly 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: | Starting July 27 at par on any quarterly call date
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| Initial levels: | 13,356.87 for Nasdaq-100 index, 1,940.665 for Russell 2000 index, 4,271.78 for S&P 500 index
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| Downside threshold: | 8,014.122 for Nasdaq-100 index, 1,164.399 for Russell 2000 index, 2,563.068 for S&P 500 index, 60% of initial levels
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| Coupon barrier: | 8,681.966 for Nasdaq-100 index, 1,261.432 for Russell 2000 index, 2,776.657 for S&P 500 index, 65% of the initial levels
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61773QS83
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