Published on 12/28/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $14.09 million autocallable jump securities tied to indexes
New York, Dec. 29 – Morgan Stanley Finance LLC priced $14.09 million of jump securities with autocallable feature due Dec. 24, 2026 linked to the worst performing of the S&P 500 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Dec. 21, 2022 at a price to give a return of 9.5% per year if the level of each underlying index is greater than or equal to its initial price on any semiannual determination date.
At maturity the payout will be par plus 47.5% if the worst performing index finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 80% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 80% trigger 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: | S&P 500 index, Dow Jones industrial average and Russell 2000 index
|
| Amount: | $14,092,000
|
| Maturity: | Dec. 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 47.5% if the worst performing index finishes above its initial level; par if the worst performing index declines but closes above its downside threshold level; otherwise full exposure to the decline of the worst performing index
|
| Call: | Automatically starting Dec. 21, 2022 at a price to give a return of 9.5% per year if the level of each underlying index is greater than or equal to its initial price on any semiannual determination date
|
| Initial level: | 34,932.16 for Dow, 2,139.875 for Russell 2000 index, 4,568.02 for S&P 500 index
|
| Downside thresholds: | 27,945.728 for Dow, 1,711.900 for Russell 2000 index, 3,654.416 for S&P 500 index, 80% of initial level
|
| Pricing date: | Dec. 20
|
| Settlement date: | Dec. 23
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61773HUS6
|
|
|
|
|
© 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.
