Morgan Stanley plans autocallable jump securities on Russell, S&P

By Sarah Lizee

Olympia, Wash., July 20 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due July 28, 2022 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be automatically called at par plus 10% per year if each index closes at or above its call level on the annual call date. The call level for each index will be its initial level.

If each index finishes at or above its initial level, the payout will be par plus 2 times the return of the least performing index.

If any index falls by up to 30%, the payout will be par.

Otherwise, investors will be exposed to the decline of the least performing index.

Morgan Stanley & Co. LLC is the underwriter.

The notes will price on July 24.

The Cusip number is 61771BVV3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.