Published on 3/14/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $6.51 million autocallable jump securities linked to S&P, Dow, Russell
New York, March 14 – Morgan Stanley Finance LLC priced $6.51 million of jump securities with autocallable feature due March 4, 2027 linked to S&P 500 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting March 2, 2023 at par plus 10.1% per year if the closing level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date.
At maturity the payout will be par plus 50.5% if the worst performing index finishes at or above 92% of its initial level.
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: | S&P 500 index, Dow Jones industrial average and Russell 2000 index
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Amount: | $6,512,000
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Maturity: | March 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 50.5% if the worst performing index finishes at or above its call threshold level; par if the worst performing index finishes below its call threshold but at or above its downside threshold; otherwise, full exposure to the decline of the worst performing index
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Call: | Automatically starting March 2, 2023 at par plus 10.1% per year if the level of each underlying index is greater than or equal to 92% of its initial level on any semiannual determination date
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Initial levels: | 33,892.60 for Dow Jones industrial average, 2,048.089 for Russell 2000 index, 4,373.94 for S&P 500 index
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Downside thresholds: | 20,335.56 for Dow Jones industrial average, 1,228.853 for Russell 2000 index, 2,624.364 for S&P 500 index, 60% of initial level
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Call thresholds: | 31,181.192 for Dow Jones industrial average, 1,884.242 for Russell 2000 index, 4,024.025 for S&P 500 index, 92% of the initial levels
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Pricing date: | Feb. 28
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Settlement date: | March 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61773QDA4
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