Published on 6/22/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.32 million 7.5% callable contingent income notes on indexes
Chicago, June 22 – Morgan Stanley Finance LLC priced $1.32 million of callable contingent income securities due Dec. 12, 2024 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.5%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities may be called starting March 11, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 68% 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
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| Issue: | Callable contingent income securities
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| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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| Amount: | $1,315,000
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| Maturity: | Dec. 12, 2024
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| Coupon: | 7.5% annual rate, paid quarterly, if each underlying index closes at or above its 70% coupon barrier 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 option: | Starting March 11, 2022 at par on any quarterly call date
|
| Initial levels: | 35,754.75 for Dow, 16,394.34 for Nasdaq, 2,271.706 for Russell
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| Downside thresholds: | 24,313.23 for Dow, 11,148.151 for Nasdaq, 1,544.760 for Russell, 68% of initial levels
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| Coupon barriers: | 25,028.325 for Dow, 11,476.038 for Nasdaq index, 1,590.194 for Russell index, 70% of initial levels
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| Pricing date: | Dec. 8, 2021
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| Settlement date: | Dec. 13, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61773HPZ6
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