By Angela McDaniels
Tacoma, Wash., Nov. 8 – Morgan Stanley Finance LLC priced $825,000 of 0% jump securities with autocallable feature due Nov. 5, 2024 linked to the lesser performing of 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 10.25% per year if each index closes at or above its call threshold level, 95% 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 51.25%.
If the final level of either 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 either index is less than its downside threshold level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial 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: | Dow Jones industrial average and Russell 2000
|
| Amount: | $825,000
|
| Maturity: | Nov. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If notes are not called and final level of each index is greater than or equal to call threshold level, par plus 51.25%; if final level of either index is less than call threshold level but final level of each index is greater than or equal to downside threshold level, par; if final level of either index is less than downside threshold level, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Call: | Automatically at par plus 10.25% per year if each index closes at or above initial level on any annual determination date
|
| Initial levels: | 27,046.23 for Dow and 1,562.452 for Russell 2000
|
| Downside thresholds: | 18,932.361 for Dow and 1,093.716 for Russell 2000, or 70% of initial levels
|
| Call thresholds: | 25,693.919 for Dow and 1,484.329 for Russell 2000, or 95% of initial levels
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.025%
|
| Cusip: | 61769HYT6
|
© 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.
