Published on 3/21/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.02 million autocallable jump securities on three indexes
New York, March 21 – Morgan Stanley Finance LLC priced $2.02 million of jump securities with autocallable feature due March 16, 2029 linked to the Nasdaq-100 index, the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 13.55% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date starting March 17, 2025.
At maturity, the payout will be par plus 67.75% if the worst performing index finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 65% 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: | Nasdaq-100 index, Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $2,015,000
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| Maturity: | March 16, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 67.75% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 65% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at a price to give a return of 13.55% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date starting March 17, 2025
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| Initial levels: | 18,068.47 for Nasdaq-100, 2,071.711 for Russell 2000, 5,000.55 for Euro Stoxx 50
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| Downside thresholds: | 11,744.506 for Nasdaq-100, 1,346.612 for Russell 2000, 3,250.358 for Euro Stoxx 50, 65% of initial levels
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| Pricing date: | March 13
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| Settlement date: | March 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61776LCE5
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