Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.17 million 10.5% callable contingent income securities on indexes
New York, Nov. 4 – Morgan Stanley Finance LLC priced $1.17 million of callable contingent income securities due Nov. 2, 2023 linked to Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 10.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities may be called starting May 2, 2023 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 50% 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $1,165,000
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| Maturity: | Nov. 2, 2023
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| Coupon: | 10.5%, paid monthly, if each underlying index closes at or above its 75% coupon barrier 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: | Starting May 2, 2023 at par on any quarterly call date
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| Initial levels: | 11,191.63 for Nasdaq-100, 1,806.322 for Russell 2000, 3,807.30 for S&P 500
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| Downside threshold: | 5,595.815 for Nasdaq-100, 903.161 for Russell 2000, 1,903.65 for S&P 500, 50% of initial levels
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| Coupon barriers: | 8,393.723 for Nasdaq-100 index, 1,354.742 for Russell 2000 index, 2,855.475 for S&P 500 index, 75% of initial levels
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.2%
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| Cusip: | 61774HD88
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