By William Gullotti
Buffalo, N.Y., Nov. 15 – Morgan Stanley Finance LLC priced $1 million of 0% dual directional jump securities with autocallable feature due Nov. 15, 2028 linked to the Nikkei 225 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 10.25% annualized call premium if the index closes at or above its initial level on any annual valuation date.
If the index finishes at or above its initial level, the payout at maturity will be par plus the return.
If the index declines by 30% or less, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional jump securities with autocallable feature
|
| Underlying index: | Nikkei 225 index
|
| Amount: | $1 million
|
| Maturity: | Nov. 15, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus index return; if the index declines by no more than 30%, par plus absolute value of that index’s return; otherwise, 1% loss for every 1% that the index declines from initial level
|
| Call: | Automatically at par plus a 10.25% annualized call premium if the index closes at or above initial level on any annual valuation date
|
| Initial level: | 32,568.11
|
| Downside threshold: | 22,797.677; 70% of initial level
|
| Pricing date: | Nov. 10
|
| Settlement date: | Nov. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 61775MWT9
|
|
|
|
|
© 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.
