Published on 2/27/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $709,000 12% contingent income autocalls on indexes
Chicago, Feb. 27 – Morgan Stanley Finance LLC priced $709,000 of contingent income autocallable securities due Nov. 15, 2023 linked to the worst performing of the Russell 2000 index, Nasdaq-100 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically starting Aug. 10, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any monthly 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Contingent income autocallable securities
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
|
| Amount: | $709,000
|
| Maturity: | Nov. 15, 2023
|
| Coupon: | 12% annual rate, paid monthly, if each underlying index closes at or above its 70% downside threshold 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 index
|
| Call: | Automatically at par starting Aug. 10, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any monthly call determination date
|
| Initial levels: | 12,345.86 for Nasdaq, 1,761.789 for Russell, 4,001.05 for S&P
|
| Downside thresholds: | 8,642.102 for Nasdaq, 1,233.252 for Russell, 2,800.735 for S&P, 70% of initial levels
|
| Pricing date: | May 10, 2022
|
| Settlement date: | May 13, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61774DAN7
|
|
|
© 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.
