By Wendy Van Sickle
Columbus, Ohio, June 29 – Morgan Stanley Finance LLC priced $2.71 million of 0% jump notes with autocallable feature due June 30, 2027 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Beginning on June 27, 2022, the notes will be automatically called at par plus an early redemption premium of 4.25% per year if the index closes at or above the redemption threshold on any annual determination date other than the final one.
The redemption threshold is 107% of the initial index level for the first determination date and steps up by 350 basis points each year.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump notes with autocallable feature
|
| Underlying index: | Morgan Stanley MAP Trend index
|
| Amount: | $2,712,000
|
| Maturity: | June 30, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; otherwise, par
|
| Call: | Beginning on June 27, 2022, automatically at par plus an early redemption premium of 4.25% per year if the index closes at or above the redemption threshold on any annual determination date other than the final one; redemption threshold is 107% of the initial index level for the first determination date and steps up by 350 bps each year
|
| Initial level: | 230.59
|
| Pricing date: | June 25
|
| Settlement date: | June 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.5%
|
| Cusip: | 61771BKY9
|
|
|
© 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.
