New York, Dec. 28 – Morgan Stanley Finance LLC priced $669,000 of contingent income autocallable securities due May 1, 2025 linked to the common stock of Ford Motor Co., according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 12%, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date.
The securities will be called automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting Nov. 1, 2022.
At maturity, the payout will be par unless the stock finishes below its 55% downside threshold level, in which case investors will be fully exposed to the decline of the stock.
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 autocallable securities
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Underlying stock: | Ford Motor Co.
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Amount: | $669,000
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Maturity: | May 1, 2025
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Coupon: | 12%, paid quarterly, if the underlying stock closes at or above its 55% downside threshold on the related quarterly observation date
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Price: | Par
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Payout at maturity: | Par unless the stock finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the stock
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Call: | Automatically at par if the closing price of the underlying stock is greater than or equal to its initial price on any quarterly call determination date starting Nov. 1, 2022
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Initial level: | $14.85
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Downside threshold: | $8.168, 55% of initial level
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Pricing date: | April 27
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Settlement date: | April 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61773QU56
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