Published on 6/14/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1 million jump autocalls on S&P, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, June 14 – Morgan Stanley Finance LLC priced $1 million of 0% jump securities with autocallable feature due May 19, 2026 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 12.5% if each index closes at or above its initial level on any quarterly determination date after one year.
If each index finishes at or above its 80% downside threshold level, the payout at maturity will be $1,625 per $1,000 principal amount. Otherwise, investors will be fully exposed to the losses 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 indexes: | Russell 2000 index, Nasdaq-100 index and S&P 500 index
|
| Amount: | $1 million
|
| Maturity: | May 19, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above downside threshold, $1,625 per $1,000 principal amount; otherwise, 1% loss per 1% decline of worst performing index
|
| Call: | At par plus 12.5% annualized if each index closes at or above initial level on any quarterly determination date after one year
|
| Initial levels: | 13,393.12 for Nasdaq, 4,173.85 for S&P, 2,224.63 for Russell
|
| Downside thresholds: | 10,714.496 for Nasdaq, 3,339.08 for S&P, 1,779.704 for Russell; 80% of initial levels
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61771VU24
|
|
|
© 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.
