Morgan Stanley to price autocallable jump securities linked to indexes

By Sarah Lizee

Olympia, Wash., Feb. 11 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Feb. 20, 2025 linked to the least performing of the S&P 500 index, the Dow Jones industrial average and the Nasdaq-100 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium if each index closes at or above its initial level on any annual determination date. The call premium is expected to be 10.15% per year and will be set at pricing.

If the notes have not previously been redeemed and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus a fixed amount that is expected to be 50.75% and will be set at pricing.

If the notes have not been called and each index finishes at or above its downside threshold level, 65% 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 least-performing index declines from its initial level.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price Feb. 14.

The Cusip number is 61770FLJ3.

© 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.