Published on 5/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $10.05 million 9.3% contingent income autocallables linked to Nasdaq, S&P, Russell
New York, May 26 – Morgan Stanley Finance LLC priced $10.05 million of contingent income autocallable securities due May 23, 2024 linked to Nasdaq-100 index, S&P 500 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.3%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date.
The securities will be called automatically starting Aug. 25 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par unless the worst performing index closes below its 65% 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
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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: | $10,048,000
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Maturity: | May 23, 2024
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Coupon: | 9.3%, paid quarterly, if each underlying index closes at or above its 65% downside threshold on the related quarterly observation date
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Price: | Par
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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
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Call: | Automatically starting Aug. 25 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
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Initial levels: | 11,835.62 for Nasdaq-100, 1,773.266 for Russell 2000, 3,901.36 for S&P 500
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Downside threshold: | 7,693.153 for Nasdaq-100, 1,152.623 for Russell 2000, 2,535.884 for S&P 500, 65% of initial levels
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Pricing date: | May 20
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Settlement date: | May 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.5%
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Cusip: | 61774DDR5
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