Published on 5/30/2018 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.01 million autocallable jump securities on Stoxx, S&P 500
New York, May 30 – Morgan Stanley Finance LLC priced $3.01 million of 0% jump securities with autocallable feature due June 2, 2023 linked to the worse performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
Starting after six months, the notes will be automatically called at par plus an annual premium of 10.5% if each index closes at or above its initial level on any quarterly review date.
The payout at maturity will be par plus 52.5% if each index finishes at or above its initial level.
If the worse performing index declines but by no more than 40%, the payout will be par.
If the worse performing index finishes below its 60% downside threshold level, investors will be fully exposed to the decline of that index.
Morgan Stanley & Co. LLC.
| 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: | Euro Stoxx 50 index, S&P 500 index
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| Amount: | $3,013,000
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| Maturity: | June 2, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | Starting on Nov. 29, 2018, automatically at par plus 10.5% a year if each index closes above initial level on any quarterly review date
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| Payout at maturity: | If both indexes finish at or above initial level, par plus 52.5%; if worse performing index falls by up to 40%, par; otherwise, full exposure to loss of worse performing index
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| Initial levels: | 3,418.15 for Stoxx, 2,689.86 for S&P
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| Downside thresholds: | 2,056.884 for Stoxx, 1,616.916 for S&; 60% of initial levels
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| Pricing date: | May 29
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| Settlement date: | May 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61768C2G1
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