Published on 12/9/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $651,000 9% callable contingent income securities on indexes
Chicago, Dec. 9 – Morgan Stanley Finance LLC priced $651,000 of callable contingent income securities due April 9, 2025 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 9%, 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 July 8 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
|
| Amount: | $651,000
|
| Maturity: | April 9, 2025
|
| Coupon: | 9% annual rate, paid monthly, if each underlying index closes at or above its 70% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| 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: | Starting July 8 at par on any quarterly call date at option of issuer
|
| Initial levels: | 34,921.88 for Dow, 15,159.58 for Nasdaq, 2,095.440 for Russell
|
| Downside threshold: | 22,699.222 for Dow, 9,853.727 for Nasdaq, 1,362.036 for Russell, 65% of initial levels
|
| Coupon barriers: | 24,445.316 for Dow, 10,611.706 for Nasdaq index, 1,466.808 for Russell index, 70% of initial levels
|
| Pricing date: | April 4
|
| Settlement date: | April 7
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61773QG60
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
