Morgan Stanley to price autocallable jump notes tied to two indexes

By Sarah Lizee

Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Feb. 3, 2022 linked to the worse performing of the Russell 2000 index and the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be automatically called at par plus an annual premium of at least 10% if each index closes at or above 90% of its initial level any annual call date.

The payout at maturity will be par plus at least 30% if each index finishes at or above 90% of its initial level.

If the worse performing index declines beyond 10% but by no more than 35%, the payout will be par.

If the worse performing index finishes below its 65% downside threshold level, investors will be fully exposed to the decline of that index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 31.

The Cusip number is 61768DXB6.

© 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.