New Issue: Morgan Stanley prices $1.17 million autocallable jump securities tied to three indexes

Chicago, March 5 – Morgan Stanley Finance LLC priced $1.17 million of 0% jump securities with autocallable feature due March 5, 2025 linked to the worst performing of the S&P 500 index, the Dow Jones Industrial Average and the Russell 2000 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 annual premium of 10% if each index closes at or above 90% of its initial level on the first three annual determination dates and above 98% on the final two determination dates.

The payout at maturity will be par plus 60% if each index finishes at or above 98% of its initial level. If the worst performing index declines by more than 2% but not more than 25%, the payout will be par. If the worst performing index finishes below its 75% downside threshold level, investors will be fully exposed to the decline.

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, Dow Jones Industrial Average and Russell 2000
Amount:	$1,174,000
Maturity:	March 5, 2025
Coupon:	0%
Price:	Par
Call:	Par plus 10% annual premium if each index closes above 90% of its initial value on any of first three annual call dates or above 98% on final two dates
Payout at maturity:	If each index finishes above 98% of initial, par plus 60%; if worst performer finishes above 75% and below 98%, par; otherwise, full exposure to losses of worst performing
Initial levels:	2,793.90 for S&P 500, 26,057.98 for Dow and 1,577.483 for Russell
Call thresholds:	2,524.51 for S&P 500, 23,452.182 for Dow and 1,419.735 for Russell, 90% of initial levels for first three years; 2,738.022 for S&P 500, 25,536.820 for Dow and 1,545.933 for Russell, 98% of initial levels for final two years
Downside thresholds:	2,095.425 for S&P 500, 19,543.485 for Dow and 1,183.112 for Russell; 75% of initial levels
Pricing date:	Feb. 26
Settlement date:	March 5
Agent:	Morgan Stanley & Co. LLC
Fees:	None
Cusip:	61768DR31

© 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.