Published on 8/19/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.49 million 9% callable contingent income securities on indexes
Chicago, Aug. 19 – Morgan Stanley Finance LLC priced $2.49 million of callable contingent income securities due Aug. 15, 2024 linked to the worst performing of the S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date.
The securities may be called at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 65% 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 Euro Stoxx 50 index
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| Amount: | $2,488,000
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| Maturity: | Aug. 15, 2024
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| Coupon: | 9% annual rate, paid quarterly, if each underlying index closes at or above its 65% 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: | At par on any quarterly call date
|
| Initial levels: | 2,016.616 for Russell, 4,280.15 for S&P, 3,776.81 for Stoxx
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| Downside threshold levels: | 1,310.800 for Russell, 2,782.098 for S&P, 2,454.927 for Stoxx, 65% of initial levels
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| Pricing date: | Aug. 12
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| Settlement date: | Aug. 17
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61774D2Q9
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