Published on 5/27/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.03 million autocallable jump securities on Nasdaq, S&P, Russell
New York, May 27 – Morgan Stanley Finance LLC priced $2.03 million of jump securities with autocallable feature due May 25, 2027 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically, starting Nov. 21, 2022, at a price to give a return of 14.75% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity, if the worst performing underlier finishes at or above its initial level, the payout will be par plus 73.75%.
The payout will be par if the worst performing index declines but finishes at or above its 75% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing index if it finishes below its 75% trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying indexes: | Nasdaq-100 index, S&P 500 index and Russell 2000 index
|
| Amount: | $2,025,000
|
| Maturity: | May 25, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 73.75% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 75% trigger level; otherwise, full exposure to decline of worst performing index
|
| Call: | Automatically, starting Nov. 21, 2022, at a price to give a return of 14.75% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
|
| Initial levels: | 11,835.62 for Nasdaq-100, 1,773.266 for Russell 2000, 3,901.36 for S&P 500
|
| Downside thresholds: | 8,876.715 for Nasdaq-100, 1,329.950 for Russell 2000, 2,926.02 for S&P 500, 75% of initial level
|
| Pricing date: | May 20
|
| Settlement date: | May 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
|
|
| Cusip: | 61774DFJ1
|
|
|
|
|
© 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.
