Published on 1/25/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.33 million contingent income autocallables on three indexes
New York, Jan. 25 – Morgan Stanley Finance LLC priced $2.33 million of contingent income autocallable securities due Jan. 23, 2026 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.5%, paid monthly, if each underlying index closes at or above its 75% downside threshold on the related monthly observation date.
The securities will be called automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting July 25, 2023.
At maturity, the payout will be par unless the worst performing index finishes below its 75% 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: | $2.33 million
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| Maturity: | Jan. 23, 2026
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| Coupon: | 9.5%, paid monthly, if each underlying index closes at or above its 75% downside threshold 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 finishes 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 at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting July 25, 2023
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| Initial levels: | 11,619.03 for Nasdaq-100, 1,867.336 for Russell 2000, 3,972.61 for S&P 500
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| Downside thresholds: | 8,714.273 for Nasdaq-100, 1,400.502 for Russell 2000, 2,979.458 for S&P 500, 75% of initial level
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| Pricing date: | Jan. 20
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| Settlement date: | Jan. 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.12%
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| Cusip: | 61774TNG3
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