Published on 9/6/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 autocallable jump securities on three indexes
Chicago, Sept. 6 – Morgan Stanley Finance LLC priced $250,000 of jump securities with autocallable feature due Jan. 26, 2027 linked to the worst performing of the Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Jan. 24, 2023 at a price to give a return of 11.5% per year and on any subsequent determination date if each index closes above its initial level.
At maturity the payout will be par plus 57.5% if the worst performing underlier finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger level.
The notes are guaranteed by Morgan Stanley.
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, Dow Jones industrial average and Russell 2000 index
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| Amount: | $250,000
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| Maturity: | Jan. 26, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 57.5% if worst performing index finishes above its initial level; par if worst performing index declines but finishes above its 70% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically starting Jan. 24, 2023 at a price to give a return of 11.5% per year and on any subsequent determination date if all indexes close above initial levels
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| Initial levels: | 34,265.37 for Dow, 14,438.40 for Nasdaq, 1,987.918 for Russell
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| Downside thresholds: | 23,985.759 for Dow, 10,106.88 for Nasdaq, 1,391.543 for Russell, 70% of initial levels
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| Pricing date: | Jan. 21
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| Settlement date: | Jan. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773HF53
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