Published on 3/10/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.62 million autocallable jump securities linked to Nasdaq, Dow, Russell
New York, March 10 – Morgan Stanley Finance LLC priced $2.62 million of jump securities with autocallable feature due March 7, 2025 linked to 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 starting Sept. 6, 2022 at par plus 12.75% 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 38.25% if the worst performing index finishes at or above its initial level.
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: | $2,622,000
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Maturity: | March 7, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 38.25% if worst performing index finishes at or above initial level; par if worst performing index declines but finishes at or above downside threshold level; otherwise, full exposure to decline of worst performing index
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Call: | Automatically starting Sept. 6, 2022 at par plus 12.75% per year if each index closes at or above initial level on any semiannual determination date
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Initial levels: | 33,614.80 for Dow Jones industrial average, 13,837.83 for Nasdaq-100 index, 2,000.900 for Russell 2000 index
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Downside thresholds: | 23,530.36 for Dow Jones industrial average, 9,686.481 for Nasdaq-100 index, 1,400.630 for Russell 2000 index, 70% of initial level
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Pricing date: | March 4
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Settlement date: | March 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61773QEW5
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