Chicago, Sept. 21 – Morgan Stanley Finance LLC priced $685,000 of callable contingent income securities due Sept. 6, 2024 linked to common stock of Zions Bancorporation, NA common stock, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date.
The securities may be called starting March 6, 2023 at par on any quarterly call date.
At maturity the payout will be par unless the stock closes below its 60% downside threshold in which case investors will be fully exposed to the decline of the stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Callable contingent income securities
|
| Underlying stock: | Zions Bancorporation, NA
|
| Amount: | $685,000
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| Maturity: | Sept. 6, 2024
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| Coupon: | 10.5% annual rate, paid quarterly, if the underlying stock closes at or above its 60% downside threshold on the related quarterly observation date
|
| Price: | Par
|
| Payout at maturity: | Par unless the stock closes below its downside threshold level in which case investors will be fully exposed to the decline in the underlying stock
|
| Call: | Starting March 6, 2023 at par on any quarterly call date
|
| Initial level: | $55.03
|
| Downside threshold: | $33.018, 60% of initial level
|
| Pricing date: | Aug. 31, 2022
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| Settlement date: | Sept. 6, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.75%
|
| Cusip: | 61774FGL0
|
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