Published on 4/22/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $360,000 autocallable jump securities on three indexes
Chicago, April 22 – Morgan Stanley Finance LLC priced $360,000 of jump securities with autocallable feature due Jan. 28, 2027 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 Technology Sector index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price of $1,080.00 per $1,000 principal amount if the level of each underlying index is greater than or equal to its initial level on Jan. 27, 2025.
The payout at maturity will be par plus 295% 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 above its 60% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 60% trigger 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 Technology Sector index and Russell 2000 index
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| Amount: | $360,000
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| Maturity: | Jan. 28, 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 295% of that index's return; par if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
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| Call: | Automatically at a price of $1,080.00 per $1,000 principal amount if the level of each underlying index is greater than or equal to its initial level on Jan. 27, 2025
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| Initial levels: | 37,905.45 for Dow, 10,035.03 for tech index, 1,976.268 for Russell
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| Downside thresholds: | 22,743.27 for Dow, 6,021.018 for tech index, 1,185.761 for Russell, 60% of initial levels
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| Upside leverage: | 295%
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| Pricing date: | Jan. 23
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| Settlement date: | Jan. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61771WNN4
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