Published on 3/6/2020 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $4.17 million buffered jump autocalls on indexes
By Wendy Van Sickle
Columbus, Ohio, March 6 – Morgan Stanley Finance LLC priced $4.17 million of 0% buffered jump securities with autocallable feature due March 4, 2026 linked to the lesser performing of the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 8.6% per year if each index closes at or above its initial level on any annual determination date.
If the notes are not called and the final level of each index is greater than or equal to 75% of its initial level, the payout at maturity will be par plus 51.6%.
If the final level of any index is less than its 75% buffer level, investors will lose 1.3333% for every 1% that the lesser-performing index declines beyond 25%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100, Euro Stoxx 50 and Russell 2000
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| Amount: | $4,172,000
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| Maturity: | March 4, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to buffer level, par plus 51.6%; otherwise, 1.3333% loss for every 1% that least-performing index declines beyond 25%
|
| Call: | Automatically at par plus 8.6% per year if each index closes at or above initial level on any annual determination date
|
| Initial levels: | 3,455.92 | for Stoxx, 8,436.666 for Nasdaq and 1,497.87 for Russell 2000
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| Buffer levels: | 2,591.94 for Stoxx, 6,327.45 for Nasdaq and 1,123.403 for Russell 2000, or 75% of initial levels
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| Pricing date: | Feb. 27
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| Settlement date: | March 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61770FMQ6
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