New York, March 22 – Morgan Stanley Finance LLC priced $11.51 million of jump securities with autocallable feature due March 22, 2027 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Starting March 24, 2023, the securities will be called automatically at par plus 11.5% per year if the index closes at or above the call threshold level, 90% of the initial level, on any quarterly call determination date.
At maturity the payout will be par plus 57.5% if the index finishes at or above 90% of its initial level. The payout will be par if the index declines by more than 10% but by less than 15%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
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 index: | Euro Stoxx 50 index
|
| Amount: | $11,511,000
|
| Maturity: | March 22, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 57.5% if index finishes at or above call threshold; par if index finishes below call threshold but does not decline by more than 15%; 1.1765% loss for every 1% that index declines beyond 15%
|
| Call: | Starting March 24, 2023, automatically at par plus 11.5% per year if index closes at or above call threshold on any quarterly call determination date
|
| Initial level: | 3,885.32
|
| Call threshold: | 3,496.788, 90% of the initial level
|
| Pricing date: | March 17
|
| Settlement date: | March 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61773QSK6
|
|
|
|
|
|
|
© 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.
