Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $8 million 20% callable contingent income securities on Nasdaq, Russell, S&P
New York, Nov. 4 – Morgan Stanley Finance LLC priced $8 million of callable contingent income securities due Aug. 2, 2023 linked to Nasdaq-100 index, Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 20%, paid monthly, if each underlying index closes at or above its 75% downside threshold on the related monthly observation date.
The securities may be called starting Feb. 2, 2023 at par on any monthly call date.
At maturity the payout will be par unless the worst performing index closes below its 75% 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: | Nasdaq-100 index, Russell 2000 index and S&P 500 index
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| Amount: | $7,995,000
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| Maturity: | Aug. 2, 2023
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| Coupon: | 20%, paid monthly, if each underlying index closes at or above its 75% downside threshold on the related monthly 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 Feb. 2, 2023 at par on any monthly call date
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| Initial levels: | 11,546.21 for Nasdaq-100, 1,846.921 for Russell 2000, 3,901.06 for S&P 500
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| Downside threshold: | 8,659.658 for Nasdaq-100, 1,385.191 for Russell 2000, 2,925.795 for S&P 500, 75% of initial levels
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.2%
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| Cusip: | 61774HZR2
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