Published on 5/22/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $250,000 market-linked contingent income notes on three stocks
Chicago, May 22 – Morgan Stanley Finance LLC priced $250,000 of market-linked contingent income notes due June 30, 2027 linked to the stock performance of Amazon.com, Inc., Apple Inc. and Alphabet Inc., according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay a contingent annual coupon of 6.75% if each stock closes at or above its initial level on the corresponding date. If any stock closes below its initial level on the observation date, investors will instead receive a 1% coupon.
The payout at maturity will be par plus the relevant coupon.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked contingent income notes
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Underlying stocks: | Amazon.com, Inc., Apple Inc. and Alphabet Inc.
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Amount: | $250,000
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Maturity: | June 30, 2027
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Coupon: | 6.75% payable annually if each stock closes at or above initial level on relevant review date; if any stock closes below its initial level on the review date, the coupon will be 1%
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Price: | Par
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Payout at maturity: | Par plus the relevant coupon
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Initial levels: | $113.22 for Amazon, $141.66 for Apple, $2,316.67 for Alphabet
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Pricing date: | June 27, 2022
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Settlement date: | June 30, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.75%
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Cusip: | 61774DND5
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