By Kiku Steinfeld
Chicago, Feb. 6 – Morgan Stanley Finance LLC priced $600,000 of contingent income autocallable securities due Nov. 7, 2025 linked to the common stock of Meta Platforms, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 18.25%, paid monthly, if the underlying stock closes at or above its 60% downside threshold on the related monthly observation date.
The securities will be called automatically starting May 4, 2023 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly call determination date.
At maturity the payout will be par unless the stock closes below its 60% downside threshold level 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: | Contingent income autocallable securities
|
| Underlying stock: | Meta Platforms, Inc.
|
| Amount: | $600,000
|
| Maturity: | Nov. 7, 2025
|
| Coupon: | 18.25%, paid monthly, if the underlying stock closes at or above its 60% downside threshold on the related monthly 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 stock
|
| Call: | Automatically starting May 4, 2023 at par if the price of the underlying stock is greater than or equal to its initial price on any monthly call determination date
|
| Initial level: | $90.79
|
| Downside threshold: | $54.474, 60% of initial level
|
| Pricing date: | Nov. 4, 2022
|
| Settlement date: | Nov. 9, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 61774HH43
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
