New Issue: Morgan Stanley prices $500,000 12% callable securities linked to Russell, Nasdaq, S&P

By Angela McDaniels

Tacoma, Wash., Oct. 25 – Morgan Stanley Finance LLC priced $500,000 of 12% callable fixed income securities due Sept. 28, 2023 linked to the Russell 2000 index, the Nasdaq-100 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

Interest is payable monthly.

The notes are callable at par on March 28, 2023 or June 28, 2023.

The payout at maturity will be par unless any index finishes below its downside threshold level, 70% of its initial level, in which case investors will lose 1% for every 1% that the least performing index declines from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Callable fixed income securities
Underlying indexes:	Russell 2000 index, Nasdaq-100 index and S&P 500 index
Amount:	$500,000
Maturity:	Sept. 28, 2023
Coupon:	12% per year, payable monthly
Price:	Par
Payout at maturity:	Par unless any index finishes below downside threshold level, in which case 1% loss for every 1% that least performing index declines from initial level
Call option:	At par on March 28, 2023 or June 28, 2023
Initial levels:	1,679.59 for Russell, 11,311.24 for Nasdaq and 3,693.23 for S&P
Downside thresholds:	1,175.713 for Russell, 7,917.868 for Nasdaq and 2,585.261 for S&P, or 70% of initial levels
Pricing date:	Sept. 23, 2022
Settlement date:	Sept. 28, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	0.6%
Cusip:	61774HGF9

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