New Issue: Morgan Stanley prices $1.05 million autocallable jump securities on three indexes

New York, July 10 – Morgan Stanley Finance LLC priced $1.05 million of jump securities with autocallable feature due April 2, 2027 linked to the Nasdaq-100 index, the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at par plus a return of 8.15% per year if the closing level of each underlying index is greater than or equal to 95% of its initial level on any quarterly call determination date starting Dec. 29, 2023.

At maturity, the payout will be par plus 30.5625% if the worst performing underlier finishes at or above 95% of its initial level.

The payout will be par if worst performing index finishes below 95% of its initial level but at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of worst performing index 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 indexes:	Nasdaq-100 index, S&P 500 index and Russell 2000 index
Amount:	$1,045,000
Maturity:	April 2, 2027
Coupon:	0%
Price:	Par
Payout at maturity:	Par plus 30.5625% if worst performing index finishes at or above its call threshold level; par if worst performing index finishes below 95% of its initial level but at or above 70% trigger level; otherwise, full exposure to decline of worst performing index
Call:	Automatically at par plus a return of 8.15% per year if the closing level of each underlying index is greater than or equal to 95% of its initial level on any quarterly call determination date starting Dec. 29, 2023
Initial levels:	15,179.21 for Nasdaq-100, 1,888.734 for Russell 2000, 4,450.38 for S&P 500
Downside thresholds:	10,625.447 for Nasdaq-100, 1,322.114 for Russell 2000, 3,115.266 for S&P 500, 70% of initial levels
Call thresholds:	14,420.250 for Nasdaq-100, 1,794.297 for Russell 2000, 4,227.861 for S&P 500, 95% of initial levels
Pricing date:	June 30
Settlement date:	July 6
Agent:	Morgan Stanley & Co. LLC
Fees:	2.5%
Cusip:	61775HBL0

© 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.