diff --git a/cmd/neofs-adm/internal/modules/morph/generate.go b/cmd/neofs-adm/internal/modules/morph/generate.go
index c9a139ce3..5b17afaac 100644
--- a/cmd/neofs-adm/internal/modules/morph/generate.go
+++ b/cmd/neofs-adm/internal/modules/morph/generate.go
@@ -42,6 +42,12 @@ func generateAlphabetCreds(cmd *cobra.Command, args []string) error {
 		return err
 	}
 
+	w, err := initializeContractWallet(walletDir)
+	if err != nil {
+		return err
+	}
+	w.Close()
+
 	cmd.Println("size:", size)
 	cmd.Println("alphabet-wallets:", walletDir)
 	for i := range pwds {
diff --git a/cmd/neofs-adm/internal/modules/morph/generate_test.go b/cmd/neofs-adm/internal/modules/morph/generate_test.go
index d54d538cc..8299a3588 100644
--- a/cmd/neofs-adm/internal/modules/morph/generate_test.go
+++ b/cmd/neofs-adm/internal/modules/morph/generate_test.go
@@ -48,6 +48,15 @@ func TestGenerateAlphabet(t *testing.T) {
 		buf.WriteString("pass\r")
 		require.Error(t, generateAlphabetCreds(cmd, nil))
 	})
+	t.Run("no password for contract group wallet", func(t *testing.T) {
+		buf.Reset()
+		v.Set(alphabetWalletsFlag, walletDir)
+		require.NoError(t, cmd.Flags().Set(alphabetSizeFlag, strconv.FormatUint(size, 10)))
+		for i := uint64(0); i < size; i++ {
+			buf.WriteString(strconv.FormatUint(i, 10) + "\r")
+		}
+		require.Error(t, generateAlphabetCreds(cmd, nil))
+	})
 
 	buf.Reset()
 	v.Set(alphabetWalletsFlag, walletDir)
@@ -56,6 +65,8 @@ func TestGenerateAlphabet(t *testing.T) {
 		buf.WriteString(strconv.FormatUint(i, 10) + "\r")
 	}
 
+	const groupPassword = "grouppass"
+	buf.WriteString(groupPassword + "\r")
 	require.NoError(t, generateAlphabetCreds(cmd, nil))
 
 	for i := uint64(0); i < size; i++ {
@@ -76,6 +87,14 @@ func TestGenerateAlphabet(t *testing.T) {
 			}
 		}
 	}
+
+	t.Run("check contract group wallet", func(t *testing.T) {
+		p := filepath.Join(walletDir, contractWalletName)
+		w, err := wallet.NewWalletFromFile(p)
+		require.NoError(t, err, "contract wallet doesn't exist")
+		require.Equal(t, 1, len(w.Accounts), "contract wallet must have 1 accout")
+		require.NoError(t, w.Accounts[0].Decrypt(groupPassword, keys.NEP2ScryptParams()))
+	})
 }
 
 func setupTestTerminal(t *testing.T) *bytes.Buffer {
diff --git a/cmd/neofs-adm/internal/modules/morph/group.go b/cmd/neofs-adm/internal/modules/morph/group.go
index 854aa61e7..c86883c49 100644
--- a/cmd/neofs-adm/internal/modules/morph/group.go
+++ b/cmd/neofs-adm/internal/modules/morph/group.go
@@ -3,23 +3,74 @@ package morph
 import (
 	"encoding/json"
 	"fmt"
+	"os"
 	"path"
+	"path/filepath"
 
 	"github.com/nspcc-dev/neo-go/cli/input"
 	"github.com/nspcc-dev/neo-go/pkg/crypto/keys"
 	"github.com/nspcc-dev/neo-go/pkg/smartcontract/manifest"
 	"github.com/nspcc-dev/neo-go/pkg/util"
 	"github.com/nspcc-dev/neo-go/pkg/wallet"
+	"github.com/spf13/cobra"
 	"github.com/spf13/viper"
 )
 
 const contractWalletName = "contract.json"
 
-func openContractWallet(walletDir string) (*wallet.Wallet, error) {
+func initializeContractWallet(walletDir string) (*wallet.Wallet, error) {
+	var (
+		password string
+		err      error
+	)
+
+	if key := "credentials.contract"; viper.IsSet(key) {
+		password = viper.GetString(key)
+	} else {
+		prompt := "Password for contract wallet > "
+		password, err = input.ReadPassword(prompt)
+		if err != nil {
+			return nil, err
+		}
+	}
+
+	w, err := wallet.NewWallet(path.Join(walletDir, contractWalletName))
+	if err != nil {
+		return nil, err
+	}
+
+	acc, err := wallet.NewAccount()
+	if err != nil {
+		return nil, err
+	}
+
+	err = acc.Encrypt(password, keys.NEP2ScryptParams())
+	if err != nil {
+		return nil, err
+	}
+
+	w.AddAccount(acc)
+	if err := w.Save(); err != nil {
+		return nil, err
+	}
+
+	return w, nil
+}
+
+func openContractWallet(cmd *cobra.Command, walletDir string) (*wallet.Wallet, error) {
 	p := path.Join(walletDir, contractWalletName)
 	w, err := wallet.NewWalletFromFile(p)
 	if err != nil {
-		return nil, fmt.Errorf("can't open wallet: %w", err)
+		if !os.IsNotExist(err) {
+			return nil, fmt.Errorf("can't open wallet: %w", err)
+		}
+
+		cmd.Printf("Contract group wallet is missing, initialize at %s\n",
+			filepath.Join(walletDir, contractWalletName))
+		w, err = initializeContractWallet(walletDir)
+		if err != nil {
+			return nil, err
+		}
 	}
 
 	var password string
diff --git a/cmd/neofs-adm/internal/modules/morph/initialize.go b/cmd/neofs-adm/internal/modules/morph/initialize.go
index 472322038..26fedb795 100644
--- a/cmd/neofs-adm/internal/modules/morph/initialize.go
+++ b/cmd/neofs-adm/internal/modules/morph/initialize.go
@@ -97,7 +97,7 @@ func newInitializeContext(cmd *cobra.Command, v *viper.Viper) (*initializeContex
 		return nil, err
 	}
 
-	w, err := openContractWallet(walletDir)
+	w, err := openContractWallet(cmd, walletDir)
 	if err != nil {
 		return nil, err
 	}