Published on 6/29/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.12 million autocallable jump securities on three indexes
New York, June 29 – Morgan Stanley Finance LLC priced $1.12 million of jump securities with autocallable feature due June 24, 2027 linked to the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 21.5% if the closing level of each underlying index is greater than or equal to its initial level on June 22, 2023.
The payout at maturity will be par plus 150% of the return of the worst performing index if the return of that index is positive.
The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level. Otherwise, investors will lose 1% for every 1% decline of the worst performer from its initial 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,123,000
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| Maturity: | June 24, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus 150% of that index's return; par if worst performing index declines but ends at or above downside threshold; otherwise, full exposure to decline of worst performer from initial level
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| Call: | Automatically at par plus 21.5% if the closing level of each underlying index is greater than or equal to its initial level on June 22, 2023
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| Initial levels: | 30,530.25 for Dow Jones industrial average, 11,546.76 for Nasdaq-100, 1,694.031 for Russell 2000
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| Downside thresholds: | 21,371.175 for Dow Jones industrial average, 8,082.732 for Nasdaq-100, 1,185.822 for Russell 2000, 70% of initial level
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| Pricing date: | June 21
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| Settlement date: | June 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61774DRL3
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