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Published on 3/15/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.75 million fixed-rate step-up callable notes on 2.1% start rate

By Wendy Van Sickle

Columbus, Ohio, March 15 – Morgan Stanley Finance LLC priced $2.75 million of callable fixed-rate step-up notes due Aug. 28, 2025, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The coupon is initially 2.1% per year. It will step up to 2.3% on Feb. 28, 2024. Interest is payable semiannually.

The payout at maturity will be par.

The notes will be callable annually at par starting on Feb. 28, 2024.

Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Callable fixed-rate step-up notes
Amount:$2.75 million
Maturity:Aug. 28, 2025
Coupon:2.1% annually, stepping up to 2.3% on Feb. 28, 2024; payable semiannually
Call option:Annually at par starting Feb. 28, 2024
Price:Par
Payout at maturity:Par
Pricing date:Feb. 24
Settlement date:Feb. 28
Agent:Morgan Stanley & Co. LLC
Distribution:Morgan Stanley Wealth Management
Fees:0.5%
Cusip:61766YJA0

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