By Kiku Steinfeld
Chicago, Dec. 11 – Morgan Stanley Finance LLC priced $6.12 of 0% jump securities with autocallable feature due Dec. 3, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 6.6% a year if the index closes at or above its initial level on an annual determination date.
If the notes are not called and the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 39.6%.
If the final level of the index is less than its initial level but greater than or equal to its downside threshold level, 80% of its initial level, investors will lose 1% for every 1% that the index declines from its initial level.
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 index: | S&P 500
|
| Amount: | $6,117,010
|
| Maturity: | Dec. 3, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of the index is greater than or equal to its initial level, par plus 39.6%; if final level of the index is less than its initial level but greater than or equal to its downside threshold level, par; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Automatically at par plus 6.6% a year if the index closes at or above initial level on an annual determination date
|
| Initial level: | 3,621.63
|
| Downside threshold level: | 2,897.304 or 80% of initial level
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61771G467
|
|
|
© 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.
