Published on 11/30/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $3.65 million 0% autocallable jump securities on Nasdaq, Dow, Russell
New York, Nov. 30 – Morgan Stanley Finance LLC priced $3.65 million of jump securities with autocallable feature due Nov. 22, 2024 linked to 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 securities will be called automatically at par plus 9.6% per year if each index closes at or above its initial level on any semiannual determination date.
At maturity the payout will be par plus 28.8% if the worst performing index finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level, and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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| Amount: | $3,653,000
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| Maturity: | Nov. 22, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 28.8% if the worst performing index finishes at or above its initial level; par if the worst performing index declines but finishes at or above its downside threshold level; otherwise, full exposure to the decline of the worst performing index
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| Call: | Automatically at par plus 9.6% per year if each index closes at or above its initial level on any semiannual determination date
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| Initial levels: | 35,601.98 for Dow Jones, 16,573.34 for Nasdaq, 2,343.161 for Russell
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| Downside thresholds: | 24,921.386 for Dow Jones, 11,601.338 for Nasdaq, 1,640.213 for Russell, 70% of initial levels
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| Pricing date: | Nov. 19
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| Settlement date: | Nov. 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61773HHD4
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