Published on 10/26/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $10.82 million 15% callable contingent income notes on indexes
New York, Oct. 26 – Morgan Stanley Finance LLC priced $10.82 million of callable contingent income securities due Oct. 24, 2024 linked to S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 15%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting April 25, 2023 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% 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: | Callable contingent income securities
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| Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $10.82 million
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| Maturity: | Oct. 24, 2024
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| Coupon: | 15%, paid quarterly, if each underlying index closes at or above its 70% 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: | Starting April 25, 2023 at par on any quarterly call date
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| Initial levels: | 1,704.391 for Russell 2000, 3,665.78 for S&P 500, 3,492.85 for Euro Stoxx 50
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| Downside threshold: | 1,193.074 for Russell 2000, 2,566.046 for S&P 500, 2,444.995 for Euro Stoxx 50, 70% of initial levels
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.9286% including a structuring fee of 0.4286%
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| Cusip: | 61774HRW0
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