By Sarah Lizee
Olympia, Wash., April 2 – Morgan Stanley Finance LLC priced $10 million of 0% jump securities with autocallable feature due April 1, 2025 linked to the worst performing of the common stocks of Facebook, Inc. and Microsoft Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus an annual premium of 14.8% if each stock closes at or above 100% of its initial level on any annual review date.
The payout at maturity will be $17.40 per $10 principal amount of notes if each stock finishes at or above its 60% downside threshold level. Otherwise, investors fully exposed to the decline of the worst performing stock.
Morgan Stanley & Co. LLC is the underwriter. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying stocks: | Facebook, Inc. and Microsoft Corp.
|
| Amount: | $10 million
|
| Maturity: | April 1, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus an annual premium of 14.8% if each stock closes at or above 100% of its initial level on any annual review date
|
| Payout at maturity: | $17.40 per $10 principal amount of notes if each stock finishes at or above its 60% downside threshold level; otherwise, investors fully exposed to the decline of the worst performing stock
|
| Initial levels: | $160.628 for Facebook, $152.65 for Microsoft
|
| Downside thresholds: | $96.377 for Facebook, $91.59 for Microsoft; 60% of initial levels
|
| Pricing date: | March 27
|
| Settlement date: | April 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 61769P214
|
|
|
© 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.
