Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.05 million 9.75% contingent income autocallables linked to Russell, Dow, Nasdaq
New York, Dec. 4 – Morgan Stanley Finance LLC priced $6.05 million of contingent income autocallable securities due Sept. 29, 2022 linked to Russell 2000 index, Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 9.75%, paid monthly, if each underlying index closes at or above its 70% downside threshold on the related monthly observation date.
The securities will be called automatically starting Sept. 30 at par if the level of each underlying index is greater than or equal to its initial price on any quarterly call determination 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: | Contingent income auto-callable securities
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| Underlying indexes: | Russell 2000 index, Dow Jones Industrial Average and Nasdaq-100 index
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| Amount: | $6,047,000
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| Maturity: | Sept. 29, 2022
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| Coupon: | 9.75% annual rate, paid monthly, if each underlying index closes at or above its downside threshold on the related monthly 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: | Automatically starting Sept. 30 at par if the level of each underlying index is greater than or equal to its initial price on any quarterly call determination date
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| Initial level: | 33,072.88 for Dow Jones Industrial Average, 12,979.12 for Nasdaq-100 index, 2,221.482 for Russell 2000 index
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| Downside threshold: | 23,151.016 for Dow Jones Industrial Average, 9,085.384 for Nasdaq-100 index, 1,555.037 for Russell 2000 index, 70% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 61771VCY4
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