Chicago, Feb. 14 – Morgan Stanley Finance LLC priced $3.62 million of fixed-income buffered autocallable securities due Nov. 2, 2023 linked to the worst performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.15%, paid semiannually.
The securities will be called automatically starting Nov. 2, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any semiannual determination date.
If the worst performing index gains or declines by no more than the 20% buffer the payout at maturity will be par. Investors will receive par less 125% of the decline beyond the buffer if the worst performing index finishes below the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Fixed-income buffered autocallable securities
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $3,619,000
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| Maturity: | Nov. 2, 2023
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| Coupon: | 8.15% annual rate, paid semiannually
|
| Price: | Par
|
| Payout at maturity: | If worst performing index finishes at or above its 20% buffer, par; par less 125% of loss beyond buffer if worst performing index declines below its buffer level
|
| Call: | Automatically starting Nov. 2, 2022 at par if the level of each underlying index is greater than or equal to its initial level on any semiannual determination date
|
| Initial levels: | 13,456.06 for Nasdaq, 1,917.944 for Russell
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| Buffer: | 20%
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| Downside leverage: | 125%
|
| Pricing date: | April 29, 2022
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| Settlement date: | May 4, 2022
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.05%
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| Cusip: | 61773Q6W4
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