Published on 10/16/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley adds $100,000 14.15% contingent income securities on indexes
Chicago, Oct. 16 – Morgan Stanley Finance LLC added $100,000 of contingent income securities due Oct. 8, 2024 linked to the worst performing of the S&P 500 index, Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14.15%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.
If the worst performing index gains or ends above its 90% downside threshold the payout at maturity will be par plus the contingent coupon. Investors will lose 1% for every 1% that the worst performing index declines if it finishes below its downside threshold level.
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 securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Nasdaq-100 index
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| Amount: | $100,000
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| Maturity: | Oct. 8, 2024
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| Coupon: | 14.15% annual rate, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its downside threshold level, par; 1% loss for every 1% that worst performing index declines if it finishes below its downside threshold level
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| Initial level: | 11,229.73 for Nasdaq, 1,708.870 for Russell, 3,678.43 for S&P
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| Coupon barrier levels: | 8,983.784 for Nasdaq, 1,367.096 for Russell, 2,942.744 for S&P, 80% of initial levels
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| Downside threshold levels: | 10,106.757 for Nasdaq, 1,537.983 for Russell, 3,310.587 for S&P, 90% of initial levels
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| Pricing date: | Oct. 11, 2022
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| Settlement date: | Oct. 12, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.4%
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| Original issue size: | $1,137,000 issued on Oct. 6, 2022
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| Cusip: | 61774HGJ1
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