New York, May 31 – Morgan Stanley Finance LLC priced $500,000 of contingent income autocallable securities due July 10, 2025 linked to the KraneShares CSI China Internet ETF, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 22.6%, paid quarterly, if the underlying fund closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities will be called automatically starting Jan. 12, 2023 at par on any quarterly call determination date.
At maturity the payout will be par unless the ETF closes below its 60% downside threshold level in which case investors will be fully exposed to the decline of the ETF.
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 ETF: | KraneShares CSI China Internet ETF
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| Amount: | $500,000
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| Maturity: | July 10, 2025
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| Coupon: | 22.6%, paid quarterly, if the underlying fund closes at or above its 70% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the ETF closes below its downside threshold level in which case investors will be fully exposed to the decline in the ETF
|
| Call: | Automatically starting Jan. 12, 2023 at par on any quarterly call determination date
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| Initial level: | $32.89
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| Downside threshold: | $19.734, 60% of initial level
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| Coupon barrier: | $23.023, 70% of initial level
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| Pricing date: | July 8, 2022
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| Settlement date: | July 13, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61774DYV3
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