Published on 11/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.81 million 14% callable contingent income notes on indexes
New York, Nov. 30 – Morgan Stanley Finance LLC priced $3.81 million of callable contingent income securities due Oct. 12, 2023 linked to the 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 14%, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities may be called starting Jan. 12, 2023 at par on any quarterly call 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: | 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: | $3.81 million
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| Maturity: | Oct. 12, 2023
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| Coupon: | 14%, paid monthly, if each underlying index closes at or above its 70% 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 Jan. 12, 2023 at par on any quarterly call date
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| Initial levels: | 11,039.47 for Nasdaq-100, 1,702.150 for Russell 2000, 3,639.66 for S&P 500
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| Downside threshold: | 6,623.682 for Nasdaq-100, 1,021.290 for Russell 2000, 2,183.796 for S&P 500, 60% of initial levels
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| Coupon barriers: | 7,727.629 for Nasdaq-100 index, 1,191.505 for Russell 2000 index, 2,547.762 for S&P 500 index, 70% of initial levels
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| Pricing date: | Oct. 7
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| Settlement date: | Oct. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774HMQ8
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