By Sarah Lizee
Olympia, Wash., May 5 – Morgan Stanley Finance LLC priced $500,000 of 0% jump securities with autocallable feature due May 1, 2026 linked to the Russell 2000 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a 9% call premium per year if the index closes at or above its initial level on any annual determination date.
If the notes are not called and the final index level is greater than or equal to its initial level, the payout at maturity will be $1,540 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Russell 2000
|
| Amount: | $500,000
|
| Maturity: | May 1, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, $1,540 per $1,000 of notes; otherwise, 1% loss for each 1% decline
|
| Call: | Automatically at par plus 9% per year if index closes at or above its initial level on any annual determination date
|
| Initial level: | 1,298.083
|
| Pricing date: | April 29
|
| Settlement date: | May 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.6%
|
| Cusip: | 61771BBX1
|
|
|
© 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.
