Published on 4/25/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 12.5% callable contingent income notes on indexes
Chicago, April 25 – Morgan Stanley Finance LLC priced $250,000 of callable contingent income securities due May 30, 2024 linked to the worst performing of the Nasdaq-100 index, Russell 2000 index and MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12.5%, paid quarterly, if each underlying index closes at or above its 65% coupon barrier on the related quarterly observation date.
The securities may be called starting Aug. 29, 2022 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
|
Guarantor: | Morgan Stanley
|
Issue: | Callable contingent income securities
|
Underlying indexes: | Nasdaq-100 index, Russell 2000 index and MSCI Emerging Markets index
|
Amount: | $250,000
|
Maturity: | May 30, 2024
|
Coupon: | 12.5% annual rate, paid quarterly, if each underlying index closes at or above its 65% coupon barrier on the related quarterly 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 Aug. 29, 2022 at par on any quarterly call date
|
Initial levels: | 1,016.99 for EM, 11,769.84 for Nasdaq, 1,764.826 for Russell
|
Coupon barriers: | 661.044 for EM, 7,650.396 for Nasdaq, 1,147.137 for Russell, 65% of initial levels
|
Downside threshold levels: | 610.194 for EM, 7,061.904 for Nasdaq, 1,058.896 for Russell, 60% of initial levels
|
Pricing date: | May 24, 2022
|
Settlement date: | May 27, 2022
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 0%
|
Cusip: | 61774DGP6
|
|
© 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.