By Susanna Moon
Chicago, Jan. 2 – Morgan Stanley Finance LLC priced $500,000 of 0% jump securities with autocallable feature due Dec. 27, 2022 linked to the least performing of the Russell 2000 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 an annual call premium of 9.75% if each index closes at or above its initial level on any annual determination date after one year.
If each index closes at or above its initial level, the payout at maturity will be $1,487.50 per $1,000 principal amount.
If either index falls by up to its 65% downside threshold, the payout will be $1,100 per $1,000 of notes.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying indexes: | Russell 2000 index and Euro Stoxx 50 index
|
| Amount: | $500,000
|
| Maturity: | Dec. 27, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus 48.75%; if either index falls by up to 35%, par plus 10%; otherwise, 1% loss per 1% decline of worse performing index
|
| Call: | At par plus 9.75% per year if each index closes at or above initial level on any annual determination date beginning Dec. 27, 2018
|
| Initial index levels: | 1,547.11 for Russell and 3,570.78 for Stoxx
|
| Barrier levels: | 1,005.62 for Russell and 2,321.007 for Stoxx; 65% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 61768CVK0
|
|
|
|
|
© 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.
