By Taylor Fox
New York, Nov. 6 – Morgan Stanley Finance LLC priced $1.6 million of 0% jump securities with autocallable feature due Oct. 14, 2025 linked to the worst performing of the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annual premium of 13.32% if each index closes at or above 105% of its initial level on an annual observation date.
At maturity, investors will receive par plus 66.6% if both indexes finish above their 105% call threshold levels.
If the worst performing index finishes between 70% of its initial level and 105% of its initial level, the payout will be par.
If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Jump securities with autocallable feature
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Underlying indexes: | Nasdaq-100 index and Dow Jones industrial average
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Amount: | $1,600,000
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Maturity: | Oct. 14, 2025
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Coupon: | 0%
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Price: | Par
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Call: | Par plus annual premium of 13.32% if both indexes finish above 105% of initial levels on annual call determination date
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Payout at maturity: | Par plus 66.6% of indexes finish above 105% of initial level; par if worst performer finishes between 70% and 105% of initial level; otherwise, full exposure to decline of worst performer
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Initial levels: | 28,425.51 for Dow, 11,550.94 for Nasdaq
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Call levels: | 29,846.786 for Dow, 12,128.487 for Nasdaq; 105% of initial levels
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Downside thresholds: | 19,897.857 for Dow, 8,085.658 for Nasdaq; 70% of initial levels
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Pricing date: | Oct. 9
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Settlement date: | Oct. 15
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61771ECM8
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