Published on 12/4/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $5.49 million 0% autocallable jump securities linked to Russell, Nasdaq
New York, Dec. 4 – Morgan Stanley Finance LLC priced $5.49 million of jump securities with autocallable feature due April 1, 2024 linked to Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Sept. 27 if the level of each underlying index is greater than or equal to 95% of its initial price.The determination dates are semiannual and the redemption payment is par plus a 10% annual premium.
At maturity the payout will be par plus 30% if the worst performing index finishes above 95% of its initial level.
The payout will be par if the worst performing index declines but finishes 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: | Russell 2000 index and Nasdaq-100 index
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| Amount: | $5,494,000
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| Maturity: | April 1, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 30% if the worst performing index finishes above its call level; par if the worst performing index declines but closes above its downside threshold level; otherwise full exposure to the decline of the worst performing index
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| Call: | Automatically starting Sept. 27 if the level of each underlying index is greater than or equal to 95% of its initial price; determination dates are semiannual and redemption payment is par plus 10% annual redemption premium
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| Initial level: | 12,979.12 for Nasdaq-100 index, 2,221.482 for Russell 2000 index
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| Downside threshold: | 9,085.384 for Nasdaq-100 index, 1,555.037 for Russell 2000 index, 70% of initial level
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| Call threshold: | 12,330.164 for Nasdaq-100 index, 2,110.408 for Russell 2000 index, 95% of the initial levels
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.951%
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| Cusip: | 61771VDV9
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