Published on 5/16/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.02 million contingent income autocallables on three indexes
New York, May 16 – Morgan Stanley Finance LLC priced $1.02 million of contingent income autocallable securities due Nov. 16, 2023 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8%, paid monthly, if each underlying index closes at or above its 60% downside threshold on the related monthly observation date.
The securities will be called automatically starting Aug. 11 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination 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: | Contingent income autocallable securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
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| Amount: | $1,015,000
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| Maturity: | Nov. 16, 2023
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| Coupon: | 8%, paid monthly, if each underlying index closes at or above its 60% downside threshold on the related monthly 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: | Automatically starting Aug. 11 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
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| Initial levels: | 31,834.11 for Dow Jones industrial average, 11,967.56 for Nasdaq-100, 1,718.144 for Russell 2000
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| Downside threshold: | 19,100.466 for Dow Jones industrial average, 7,180.536 for Nasdaq-100, 1,030.886 for Russell 2000, 60% of initial levels
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| Pricing date: | May 11
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| Settlement date: | May 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774DBF3
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