Published on 7/5/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.04 million autocallable jump securities on S&P, Russell
New York, July 5 – Morgan Stanley Finance LLC priced $6.04 million of jump securities with autocallable feature due July 2, 2026 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 13.3% per year if the closing 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 53.2% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 60% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing index 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: | Russell 2000 index and S&P 500 index
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| Amount: | $6,035,000
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| Maturity: | July 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 53.2% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 60% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at par plus 13.3% per year if the closing 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: | 1,719.370 for Russell 2000, 3,818.83 for S&P 500
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| Downside thresholds: | 1,031.622 for Russell 2000, 2,291.298 for S&P 500, 60% of initial level
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| Pricing date: | June 29
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| Settlement date: | July 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61774DTT4
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