Published on 5/13/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $712,000 autocallable jump securities on Nasdaq, Dow, Russell
New York, May 13 – Morgan Stanley Finance LLC priced $712,000 of jump securities with autocallable feature due Oct. 5, 2026 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 starting Oct. 3 at a price to give a return of 11.25% per year if the level of each underlying index is greater than or equal to its initial level on any annual call determination date.
At maturity the payout will be par plus 56.25% if the worst performing underlier finishes above 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: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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| Amount: | $712,000
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| Maturity: | Oct. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 56.25% if worst performing index finishes above its initial level; par if worst performing index declines but finishes above its 70% trigger level; otherwise full exposure to decline of worst performing index
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| Call: | Automatically starting Oct. 3 at a price to give a return of 11.25% per year if the level of each underlying index is greater than or equal to its initial level on any annual call determination date
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| Initial levels: | 33,843.92 for Dow Jones industrial average, 14,689.62 for Nasdaq-100, 2,204.372 for Russell 2000
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| Downside thresholds: | 23,690.744 for Dow Jones industrial average, 10,282.734 for Nasdaq-100, 1,543.060 for Russell 2000, 70% of initial level
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61773FUR2
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