Published on 7/15/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $419,000 autocallable jump securities on Nasdaq, Dow, Russell
New York, July 15 – Morgan Stanley Finance LLC priced $419,000 of jump securities with autocallable feature due July 6, 2027 linked to the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any annual call determination date.
At maturity, the payout will be par plus 75% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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| Amount: | $419,000
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| Maturity: | July 6, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 75% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at a price to give a return of 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any annual call determination date
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| Initial levels: | 30,775.43 for Dow Jones industrial average, 11,503.72 for Nasdaq-100, 1,707.990 for Russell 2000
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| Downside thresholds: | 21,542.801 for Dow Jones industrial average, 8,052.604 for Nasdaq-100, 1,195.593 for Russell 2000, 70% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61774DHV2
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