Kiku Steinfeld
Chicago, April 5 – Morgan Stanley Finance LLC priced $620,000 of jump securities with autocallable feature due March 28, 2024 linked to Bank of America Corp., Goldman Sachs Group, Inc. and United States Steel Corp. common stocks, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Dec. 23, 2021 at 21.5% per year if the price of each underlying stock is greater than or equal to 90% of its initial price on any quarterly call determination date.
At maturity the payout will be par plus 53.75% if the worst performing stock finishes at or above 90% of its initial level.
If the worst performer finishes below 90% but at or above 65% of its initial level, the payout will be par.
Otherwise investors will be fully exposed to the decline of the worst performing stock.
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 stocks: | Bank of America Corp., Goldman Sachs Group, Inc. and United States Steel Corp.
|
| Amount: | $620,000
|
| Maturity: | March 28, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 53.75% if the worst performing stock finishes at or above 90% of its initial level; Par if worst performer finishes below 90% but at or above 65% of initial level; otherwise full exposure to the decline of the worst performing stock
|
| Call: | Automatically starting Dec. 23, 2021 at 21.5% per year if the price of each underlying stock is greater than or equal to 90% of its initial price on any quarterly call determination date
|
| Initial levels: | $41.69 for BofA, $391.86 for Goldman, $21.88 for Steel
|
| Trigger levels: | $27.099 for BofA, $254.709 for Goldman, $14.222 for Steel; 65% of initial levels
|
| Pricing date: | Sept. 23, 2021
|
| Settlement date: | Sept. 28, 2021
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 61773FG72
|
|
|
© 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.
