Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.23 million contingent income autocallables on indexes
New York, June 30 – Morgan Stanley Finance LLC priced $5.23 million of contingent income autocallable securities due June 30, 2023 linked to the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 14%, 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 at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity, the payout will be par unless the worst performing index finishes below its 70% downside threshold level, in which case investors will be fully exposed to the decline of the worst performing 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 autocallable securities
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| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
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| Amount: | $5,226,000
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| Maturity: | June 30, 2023
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| Coupon: | 14%, paid monthly, if each underlying index closes at or above its 70% 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 finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the worst performing index
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| Call: | Automatically at par if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
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| Initial levels: | 31,500.68 for Dow Jones industrial average, 12,105.85 for Nasdaq-100, 1,765.737 for Russell 2000
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| Downside thresholds: | 22,050.476 for Dow Jones industrial average, 8,474.095 for Nasdaq-100, 1,236.016 for Russell 2000, 70% of initial level
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| Pricing date: | June 24
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| Settlement date: | June 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61774DQS9
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