Published on 11/10/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.15 million autocallable jump securities on Dow, Nasdaq, Russell
New York, Nov. 10 – Morgan Stanley Finance LLC priced $1.15 million of jump securities with autocallable feature due Oct. 29, 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 a 23% call premium if each index closes at or above its initial level on Nov. 7, 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 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: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,147,000
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| Maturity: | Oct. 29, 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 decline of worst performing index from initial level
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| Call: | Automatically at par plus a 23% call premium if each index closes at or above its initial level on Nov. 7, 2023
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| Initial levels: | 31,839.11 for Dow Jones industrial average, 11,405.90 for Nasdaq-100, 1,804.331 for Russell 2000
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| Downside thresholds: | 22,287.377 for Dow Jones industrial average, 7,984.13 for Nasdaq-100, 1,263.032 for Russell 2000, 70% of initial level
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.24%
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| Cusip: | 61774HKN7
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