Published on 5/2/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $10.91 million 10.75% callable contingent income securities linked to indexes
New York, May 2 – Morgan Stanley Finance LLC priced $10.91 million of callable contingent income securities due May 1, 2025 linked to S&P 500 index, Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.75%, paid quarterly, if each underlying index closes at or above its 70% coupon barrier on the related quarterly observation date.
The securities may be called starting July 29 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 60% downside threshold in which case investors will be fully exposed to the decline of that index.
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: | Callable contingent income securities
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Underlying indexes: | S&P 500 index, Russell 2000 index and Euro Stoxx 50 index
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Amount: | $10,906,000
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Maturity: | May 1, 2025
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Coupon: | 10.75%, paid quarterly, if each underlying index 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 worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing underlying index
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Call: | Starting July 29 at par on any quarterly call date
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Initial levels: | 1,890.475 for Russell 2000 index, 4,175.20 for S&P 500 index, 3,721.36 for Euro Stoxx 50 index
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Downside threshold: | 1,134.285 for Russell 2000 index, 2,505.12 for S&P 500 index, 2,232.816 for Euro Stoxx 50 index, 60% of initial levels
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Coupon barrier: | 1,323.333 for Russell 2000 index, 2,922.64 for S&P 500 index, 2,604.952 for Euro Stoxx 50 index, 70% of the initial levels
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Pricing date: | April 26
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Settlement date: | April 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.75%
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Cusip: | 61773QW39
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