By Wendy Van Sickle
Columbus, Ohio, July 14 – Morgan Stanley Finance LLC priced $1.28 million of 0% jump securities with autocallable feature due May 29, 2026 linked to the worst performing of the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus a premium of 8.05% payable quarterly if each index closes at or above its initial level on any quarterly observation date after one year.
At maturity, if the notes have not been called and all indexes finish above their initial levels, the payout will be par plus 40.25%.
If the worst performing index declines by up to 30%, the payout will be par. If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline of that index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying indexes: | Nasdaq-100 index and Euro Stoxx 50 index
|
| Amount: | $1,28,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus a quarterly premium of 8.05% if each index closes at or above its initial level on any quarterly observation date after one year
|
| Payout at maturity: | Par plus 40.25% if both indexes finish above initial level; if the worst performing index declines by up to 30%, par; if the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline of that index
|
| Initial levels: | 4,031.67 for Stoxx, 13,702.74 for Nasdaq
|
| Downside thresholds: | 2,822.169 for Stoxx, 9,591.918 for Nasdaq; 70% of initial levels
|
| Pricing date: | May 26
|
| Settlement date: | May 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.35%
|
| Cusip: | 61771V2J8
|
|
|
© 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.
