Published on 6/3/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley sells $1.1 million jump autocalls on Dow, Nasdaq, Russell
By Wendy Van Sickle
Columbus, Ohio, June 3 – Morgan Stanley Finance LLC priced $1.1 million of 0% jump securities with autocallable feature due June 3, 2022 linked to the least performing of the Nasdaq-100 index, the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 10.75% if each index closes at or above its initial level on any semiannual determination date.
If each index closes at or above its initial level, the payout at maturity will be $1,322.50 per $1,000 principal amount.
If any index falls but not below its 65% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying indexes: | Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
|
| Amount: | $1.1 million
|
| Maturity: | June 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 32.25%; if any index falls by up to 35%, par; otherwise, 1% loss per 1% decline of worst performing index
|
| Call: | At par plus 10.75% annualized if each index closes at or above initial level on any semiannual determination date
|
| Initial levels: | 1,504.019 for Russell, 7,278.376 for Nasdaq and 25,347.77 for Dow
|
| Downside thresholds: | 977.612 for Russell, 4,730.944 for Nasdaq and 16,476.051 for Dow, 65% of initial levels
|
| Pricing date: | May 28
|
| Settlement date: | May 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61769HCV5
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
