Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $331,000 callable contingent income securities linked to indexes
Chicago, May 13 – Morgan Stanley Finance LLC priced $331,000 of callable contingent income securities due Oct. 12, 2023 linked to the worst performing of the 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 10.25%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting Jan. 11, 2022 at par on any quarterly call 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: | 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: | $331,000
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| Maturity: | Oct. 12, 2023
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| Coupon: | 10.25% annual rate, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date
|
| 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
|
| Call: | Starting Jan. 11, 2022 at par on any quarterly call date
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| Initial levels: | 14,766.75 for Nasdaq, 2,214.958 for Russell, 4,363.55 for S&P
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| Downside threshold: | 10,336.725 for Nasdaq, 1,550.471 for Russell, 3,054.485 for S&P, 70% of initial levels
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| Pricing date: | Oct. 6, 2021
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| Settlement date: | Oct. 12, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773FW25
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