Published on 11/4/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.35 million 14.25% contingent income autocallables on indexes
New York, Nov. 4 – Morgan Stanley Finance LLC priced $2.35 million of contingent income autocallable securities due Oct. 31, 2024 linked to the Russell 2000 index, S&P MidCap 400 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive an annualized coupon of 14.25%, paid quarterly, if each underlying index closes at or above its 75% downside threshold on the related quarterly observation date.
The securities will be called automatically 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 75% downside threshold level in which case investors will be fully exposed to the decline of the worst performing 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: | Russell 2000 index, S&P MidCap 400 index and S&P 500 index
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| Amount: | $2,345,000
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| Maturity: | Oct. 31, 2024
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| Coupon: | 14.25%, paid quarterly, if each underlying index closes at or above its 75% 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 index
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| Call: | Automatically 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: | 2,434.93 for S&P MidCap 400, 1,846.921 for Russell 2000, 3,901.06 for S&P 500
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| Downside thresholds: | 1,826.198 for S&P MidCap 400, 1,385.191 for Russell 2000, 2,925.795 for S&P 500, 75% of initial level
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| Pricing date: | Oct. 28
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| Settlement date: | Nov. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61774HXG8
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