Published on 1/18/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 autocallable buffered jump securities on Nasdaq, Russell
By William Gullotti
Buffalo, N.Y., Jan. 18 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered jump securities with autocallable feature due Aug. 29, 2024 linked to the worse performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a 5.25% annualized call premium if each index closes at or above its call level, 102% of initial level, on any semiannual valuation date after one year.
If each index finishes at or above its call level, the payout at maturity will be par plus 15.75%.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities with autocallable feature
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
|
| Amount: | $250,000
|
| Maturity: | Aug. 29, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its call level, par plus 15.75%; if either index falls by up to 15%, par; 1% loss for every 1% that the lesser-performing index declines beyond 15%
|
| Call: | Automatically at par plus a 5.25% annualized call premium if each index closes at or above its call level on any semiannual valuation date after one year
|
| Initial levels: | 15,278.52 for Nasdaq, 2,213.979 for Russell
|
| Buffer levels: | 15,584.09 for Nasdaq, 2,258.259 for Russell; 102% of initial levels
|
| Buffer levels: | 12,986.742 for Nasdaq, 1,881.882 for Russell; 85% of initial levels
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61773FNM1
|
|
|
|
|
© 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.
