By Susanna Moon
Chicago, March 8 – Morgan Stanley Finance LLC priced $4.19 million of 0% jump securities with autocallable feature due Feb. 19, 2021 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized call premium of 11.71% if each index closes at or above its redemption threshold on any annual determination date after one year. The call level will be 100% of the initial level on the first observation date, stepping down to 95% on the second review date.
If each index closes at or above its 90% threshold, the payout at maturity will be $1,351.30 per $1,000 principal amount.
If either index falls by up to its 70% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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, Euro Stoxx 50
|
| Amount: | $4.19 million
|
| Maturity: | Feb. 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 11.71% annualized if each index closes at or above initial level on any annual determination date beginning Feb. 25, 2019; call level will be 100% of initial level on first observation date, stepping down to 95% on second review date
|
| Payout at maturity: | If each index gains or falls by up to 10%, par plus 35.13%; if either index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing index
|
| Initial index levels: | 2,732.22 for S&P and 3,426.80 for Stoxx
|
| Downside thresholds: | 1,912.554 for S&P and 2,398.76 for Stoxx, 70% of initial levels
|
| Pricing date: | Feb. 16
|
| Settlement date: | Feb. 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61768CE37
|
|
|
|
|
© 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.
