New Issue: Morgan Stanley prices $12.95 million autocallable jump securities linked to S&P, Dow, Russell

New York, May 2 – Morgan Stanley Finance LLC priced $12.95 million of jump securities with autocallable feature due April 29, 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.

Starting April 26, 2023, the securities will be called automatically at par plus 10.44% per year if the closing level of each underlying index is greater than or equal to 90% of its initial level on any quarterly call determination date.

At maturity the payout will be par plus 52.2% if the worst performing underlier finishes above 90% of its initial level.

The payout will be par if worst performing index finishes below 90% of its initial level but above its 75% trigger level. Investors will be fully exposed to the decline of worst performing index if it finishes below its 75% trigger 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 indexes:	S&P 500 index, Dow Jones industrial average and Russell 2000 index
Amount:	$12.95 million
Maturity:	April 29, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 52.2% if worst performing index finishes above its call threshold level; par if worst performing index finishes below 90% of its initial level but above 75% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Starting April 26, 2023, automatically at par plus 10.44% per year if each underlying index’s closing level is greater than or equal to 90% of its initial level on any quarterly call determination date
Initial levels:	33,811.40 for Dow Jones industrial average, 1,940.665 for Russell 2000 index, 4,271.78 for S&P 500 index
Downside thresholds:	25,358.55 for Dow Jones industrial average, 1,455.499 for Russell 2000 index, 3,203.835 for S&P 500 index, 75% of initial levels
Call thresholds:	30,430.26 for Dow Jones industrial average, 1,746.599 for Russell 2000 index, 3,844.602 for S&P 500 index, 90% of the initial levels
Pricing date:	April 22
Settlement date:	April 29
Agent:	Morgan Stanley & Co. LLC
Fees:	0%
Cusip:	61773QQ85

© 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.