Published on 9/12/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $500,000 16.35% callable contingent income notes linked to indexes
New York, Sept. 12 – Morgan Stanley Finance LLC priced $500,000 of callable contingent income securities due Sept. 5, 2024 linked to Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 16.35%, paid quarterly, if each underlying index closes at or above its 70% downside threshold on the related quarterly observation date.
The securities may be called starting Dec. 5, 2022 at par on any quarterly call date.
At maturity the payout will be par unless the worst performing index closes below its 70% 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: | Nasdaq-100 index, Russell 2000 index and Dow Jones industrial average
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Amount: | $500,000
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Maturity: | Sept. 5, 2024
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Coupon: | 16.35%, paid quarterly, if each underlying index closes at or above its 70% downside threshold 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 Dec. 5, 2022 at par on any quarterly call date
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Initial levels: | 31,790.87 for Dow Jones industrial average, 12,342.70 for Nasdaq-100, 1,855.594 for Russell 2000
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Downside threshold: | 22,253.609 for Dow Jones industrial average, 8,639.89 for Nasdaq-100, 1,298.916 for Russell 2000, 70% of initial levels
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Pricing date: | Sept. 1, 2022
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Settlement date: | Sept. 7, 2022
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61774FGP1
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