Published on 9/8/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $4.74 million 10.55% contingent income autocallables on Nasdaq, S&P, Russell
New York, Sept. 8 – Morgan Stanley Finance LLC priced $4.74 million of contingent income autocallable securities due Sept. 6, 2024 linked to the Nasdaq-100 index, S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10.55%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Dec. 7 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 70% downside threshold level in which case investors will be fully exposed to the decline of the worst performing 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: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
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| Amount: | $4,744,000
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| Maturity: | Sept. 6, 2024
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| Coupon: | 10.55%, paid quarterly, if each underlying index closes at or above its 70% downside threshold 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 index
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| Call: | Automatically starting Dec. 7 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
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| Initial levels: | 12,098.44 for Nasdaq-100, 1,809.748 for Russell 2000, 3,924.26 for S&P 500
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| Downside thresholds: | 8,468.908 for Nasdaq-100, 1,266.824 for Russell 2000, 2,746.982 for S&P 500, 70% of initial level
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| Pricing date: | Sept. 2
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| Settlement date: | Sept. 8
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2% including a structuring fee of 0.5%
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| Cusip: | 61774D6Y8
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