Kind 424B2 MORGAN STANLEY

Thank you for reading this post, don't forget to subscribe!

Callable Contingent Revenue Securities due September 25, 2025

Funds on the Securities Primarily based on the Worst Performing of the NASDAQ-100 Index®, the Russell 2000® Index and the Dow Jones Industrial CommonSM

Totally and Unconditionally Assured by Morgan Stanley

Principal at Threat Securities

The securities are unsecured obligations of Morgan Stanley Finance LLC (“MSFL”) and are absolutely and unconditionally assured by Morgan Stanley. The securities have the phrases described within the accompanying prospectus complement, index complement and prospectus, as supplemented or modified by this doc. The securities don’t assure the compensation of principal and don’t present for the common fee of curiosity. As a substitute, the securities pays a contingent quarterly coupon however provided that the index closing worth of every of the NASDAQ-100 Index®, the Russell 2000® Index and the Dow Jones Industrial CommonSM on the associated commentary date is at or above 75% of its respective preliminary index worth, which we confer with because the respective coupon barrier stage. If the index closing worth of any underlying index is lower than the coupon barrier stage for such index on any commentary date, we pays no coupon for the associated quarterly interval. As well as, starting on September 25, 2023, we are going to redeem the securities on any quarterly redemption date, for a redemption fee equal to the sum of the said principal quantity plus any contingent quarterly coupon in any other case due with respect to the associated commentary date, if and provided that the output of a threat impartial valuation mannequin on a enterprise day that’s no less than 2 however not more than 5 enterprise days previous to such redemption date, primarily based on the inputs indicated below “Name function” under, signifies that redeeming on such date is economically rational for us as in comparison with not redeeming on such date. An early redemption of the securities is not going to mechanically happen primarily based on the efficiency of the underlying indices. At maturity, if the securities haven’t been beforehand redeemed and if the ultimate index worth of every underlying index is bigger than or equal to 60% of the respective preliminary index worth, which we confer with because the draw back threshold stage, the fee at maturity would be the said principal quantity and, if the ultimate index worth of every underlying index can be better than or equal to its respective coupon barrier stage, the associated contingent quarterly coupon. If, nonetheless, the ultimate index worth of any underlying index is lower than its draw back threshold stage, buyers will likely be uncovered to the decline within the worst performing underlying index on a 1-to-1 foundation and can obtain a fee at maturity that’s lower than 60% of the said principal quantity of the securities and could possibly be zero. Accordingly, investors within the securities should be keen to just accept the danger of shedding their whole preliminary funding primarily based on the efficiency of any underlying index and likewise the danger of not receiving any quarterly coupons throughout the whole 3-year time period of the securities. As a result of funds on the securities are primarily based on the worst performing of the underlying indices, a decline past the respective coupon barrier stage and/or respective draw back threshold stage, as relevant, of any underlying index will end in few or no contingent quarterly coupons and/or a big lack of your funding, as relevant, even when the opposite underlying indices have appreciated or haven’t declined as a lot. Traders is not going to take part in any appreciation in any underlying index. The securities are for buyers who’re keen to threat their principal and search a possibility to earn curiosity at a probably above-market fee in alternate for the danger of receiving no quarterly curiosity if any underlying index closes under the coupon barrier stage for such index on the commentary dates, and the danger of an early redemption of the securities primarily based on the output of a threat impartial valuation mannequin. The securities are notes issued as a part of MSFL’s Collection A World Medium-Time period Notes program.

All funds are topic to our credit score threat. If we default on our obligations, you possibly can lose some or your entire funding. These securities should not secured obligations and you’ll not have any safety curiosity in, or in any other case have any entry to, any underlying reference asset or belongings.

FINAL TERMS

Issuer:

Morgan Stanley Finance LLC

Guarantor:

Morgan Stanley

Underlying indices:

NASDAQ-100 Index® (the “NDX Index”), Russell 2000® Index (the “RTY Index”) and Dow Jones Industrial CommonSM (the “INDU Index”)

Combination principal quantity:

$2,759,000

Said principal quantity:

$1,000 per safety

Concern worth:

$1,000 per safety (see “Commissions and concern worth” under)

Pricing date:

September 20, 2022

Unique concern date:

September 23, 2022 (3 enterprise days after the pricing date)

Maturity date:

September 25, 2025

Name function:

Starting on September 25, 2023, an early redemption, in complete however not partially, will happen on a redemption date if and provided that the output of a threat impartial valuation mannequin on a enterprise day that’s no less than 2 however not more than 5 enterprise days previous to such redemption date, as chosen by the calculation agent (the “dedication date”), taking as enter: (i) prevailing reference market ranges, volatilities and correlations, as relevant and in every case as of the dedication date and (ii) Morgan Stanley’s credit score spreads as of the pricing date, signifies that redeeming on such date is economically rational for us as in comparison with not redeeming on such date. If we name the securities, we offers you discover no less than 2 enterprise days earlier than the decision date specified within the discover. No additional funds will likely be made on the securities as soon as they’ve been redeemed.

Contingent quarterly coupon:

If, on any commentary date, the index closing worth of every underlying index is better than or equal to its respective coupon barrier stage, we pays a contingent quarterly coupon at an annual fee of 12.35% (akin to roughly $30.875 per quarter per safety) on the associated contingent coupon fee date.

If, on any commentary date, the closing worth of any underlying index is lower than the coupon barrier stage for such index, no contingent quarterly coupon will likely be paid with respect to that commentary date. It’s attainable that a number of underlying indices will stay under the respective coupon barrier stage(s) for prolonged durations of time and even all through the whole time period of the securities in order that you’ll obtain few or no contingent quarterly coupons.

Cost at maturity:

If the securities haven’t beforehand been redeemed, buyers will obtain on the maturity date a fee at maturity decided as follows:

If the ultimate index worth of every underlying index is better than or equal to its respective draw back threshold stage: the said principal quantity and, if the ultimate index worth of every underlying index can be better than or equal to its respective coupon barrier stage, the contingent quarterly coupon with respect to the ultimate commentary date.

If the ultimate index worth of any underlying index is lower than its respective draw back threshold stage: (i) the said principal quantity multiplied by (ii) the index efficiency issue of the worst performing underlying index. Underneath these circumstances, the fee at maturity will likely be lower than 60% of the said principal quantity of the securities and could possibly be zero.

 

Phrases continued on the next web page

Agent:

Morgan Stanley & Co. LLC (“MS & Co.”), an affiliate of MSFL and a completely owned subsidiary of Morgan Stanley. See “Supplemental data concerning plan of distribution; conflicts of curiosity.”

Estimated worth on the pricing date:

$979.50 per safety. See “Funding Overview” starting on web page 3.

Commissions and concern worth:

Worth to public(1)

Agent’s commissions and charges(2)

Proceeds to us(3)

Per safety

$1,000

$5

$995

Whole

$2,759,000

$13,795

$2,745,205

(1)The securities will likely be offered solely to buyers buying the securities in fee-based advisory accounts.

(2)MS & Co. expects to promote the entire securities that it purchases from us to an unaffiliated vendor at a worth of $995 per safety, for additional sale to sure fee-based advisory accounts on the worth to public of $1,000 per safety. MS & Co. is not going to obtain a gross sales fee with respect to the securities. See “Supplemental data concerning plan of distribution; conflicts of curiosity.” For added data, see “Plan of Distribution (Conflicts of Curiosity)” within the accompanying prospectus complement.

(3)See “Use of proceeds and hedging” on web page 32.

The securities contain dangers not related to an funding in bizarre debt securities. See “Threat Components” starting on web page 11.

The Securities and Alternate Fee and state securities regulators haven’t accepted or disapproved these securities, or decided if this doc or the accompanying prospectus complement, index complement and prospectus is truthful or full. Any illustration on the contrary is a felony offense.

The securities should not deposits or financial savings accounts and should not insured by the Federal Deposit Insurance coverage Company or another governmental company or instrumentality, nor are they obligations of, or assured by, a financial institution.

You must learn this doc along with the associated prospectus complement, index complement and prospectus, every of which might be accessed through the hyperlinks under. Please additionally see “Extra Phrases of the Securities” and “Extra Info Concerning the Securities” on the finish of this doc.

References to “we,” “us” and “our” confer with Morgan Stanley or MSFL, or Morgan Stanley and MSFL collectively, because the context requires.

Prospectus Complement dated November 16, 2020 Index Complement dated November 16, 2020 Prospectus dated November 16, 2020



Supply hyperlink

Related Posts