Published on 1/24/2023 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $625,000 autocallable jump securities linked to Etsy, Ford, Twilio
Chicago, Jan. 24 – Morgan Stanley Finance LLC priced $625,000 of jump securities with autocallable feature due April 24, 2025 linked to common stocks of Etsy, Inc., Ford Motor Co. and Twilio Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting April 25, 2023 at a price to give a return of 55% per year if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par plus 165% if the worst performing stock finishes above its initial level.
If any stock closes below it initial level but the worst performer finishes above its 50% downside threshold level, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying stocks: | Etsy, Inc., Ford Motor Co. and Twilio Inc.
|
| Amount: | $625,000
|
| Maturity: | April 24, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 165% if the worst performing stock finishes above its initial level; par if worst performer declines but finishes above downside threshold level; otherwise, full exposure to the decline of the worst performing stock
|
| Call: | Automatically starting April 25, 2023 at a price to give a return of 55% per year if the price of each underlying stock is greater than or equal to its initial price on any quarterly call determination date
|
| Initial levels: | $101.79 for Etsy, $15.70 for Ford, $124.84 for Twilio
|
| Downside threshold levels: | $50.895 for Etsy, $7.85 for Ford, $62.42 for Twilio; 50% of initial levels
|
| Pricing date: | April 22, 2022
|
| Settlement date: | April 27, 2022
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61773Q2B4
|
|
|
© 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.
