New Issue: Morgan Stanley sells $679,000 jump securities with autocallable feature on indexes

By William Gullotti

Buffalo, N.Y., Nov. 3 – Morgan Stanley Finance LLC priced $679,000 of 0% jump securities with autocallable feature due July 30, 2026 linked to the worst performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be called at par plus an annual premium of 7.75% if each index closes at or above its call threshold, 102% of initial level, on any annual determination date.

At maturity, if all indexes finish above their call threshold, the payout will be par plus 38.75%.

If the worst performing index finishes below its call threshold but at or above its 70% downside threshold level, the payout will be par. If the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline of that index.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities with autocallable feature
Underlying indexes:	Nasdaq-100 index, Russell 2000 index, Dow Jones industrial average
Amount:	$679,000
Maturity:	July 30, 2026
Coupon:	0%
Price:	Par
Payout at maturity:	If all indexes finish above call threshold, par plus 38.75%; if the worst performing index finishes below its call threshold but at or above its downside threshold level, par; if the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline of that index
Call:	At par plus an annual premium of 7.75% if each index closes at or above call threshold on any annual determination date
Initial levels:	14,956.97 for Nasdaq, 2,191.833 for Russell, 35,058.52 for Dow
Call threshold levels:	15,256.109 for Nasdaq, 2,235.67 for Russell, 35,759.69 for Dow; 102% of initial levels
Downside threshold levels:	10,469.879 for Nasdaq, 1,534.283 for Russell, 24,540.964 for Dow; 70% of initial levels
Pricing date:	July 27
Settlement date:	July 30
Agent:	Morgan Stanley & Co. LLC
Fees:	3.625%
Cusip:	61773FHJ5

© 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.