Morgan Stanley to price autocallable jump notes tied to three indexes

By Angela McDaniels

Tacoma, Wash., July 9 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due July 26, 2024 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 automatically called at par plus a call premium of at least 7.25% per year if each index closes at or above its call threshold level, 92% of its initial level, on any annual determination date.

If the notes are not called and the final level of each index is greater than or equal to its call threshold level, the payout at maturity will be par plus at least 36.25%.

If the final level of any index is less than its call threshold level but the final level of each index is greater than or equal to its downside threshold level, 70% of its initial level, the payout will be par.

If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

The exact terms will be set at pricing.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price July 19.

The Cusip number is 61769HJA4.

© 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.