Published on 7/5/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2 million contingent income securities on three indexes
New York, July 5 – Morgan Stanley Finance LLC priced $2 million of contingent income securities due July 2, 2026 linked to the Russell 2000 index, the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.2%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
If the worst performing index finishes at or above its downside threshold, the payout at maturity will be par plus the contingent coupon. Otherwise, investors will lose 1% for every 1% that the worst 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
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| Guarantor: | Morgan Stanley
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| Issue: | Contingent income securities
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| Underlying indexes: | Russell 2000 index, S&P 500 index and Nasdaq-100 index
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| Amount: | $2 million
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| Maturity: | July 2, 2026
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| Coupon: | 9.2%, paid monthly, if each underlying index closes at or above its 70% downside threshold 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; otherwise, 1% loss for every 1% that worst performing index declines from initial level
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| Initial level: | 11,658.26 for Nasdaq-100, 1,719.370 for Russell 2000, 3,818.83 for S&P 500
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| Downside threshold: | 8,160.782 for Nasdaq-100, 1,203.559 for Russell 2000, 2,673.181 for S&P 500, 70% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774DTB3
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