Published on 5/12/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.39 million autocallable jump securities on Russell, EAFE
New York, May 12 – Morgan Stanley Finance LLC priced $1.39 million of jump securities with autocallable feature due Oct. 3, 2024 linked to the Russell 2000 index and the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 7.6% per year if each index closes at or above its call threshold level on an annual call determination date. For each index, the call threshold level is 100% of its initial level on Oct. 7, 2022 and 95% of its initial level on Oct. 2, 2023.
At maturity, the payout will be par plus 22.8% if the worst performing underlier finishes at or above 90% of initial level.
Investors will receive par if the worst performer declines between 10% and 30% and be fully exposed to the decline of worst performing index if it finishes below its 70% trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Russell 2000 index and MSCI EAFE index
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| Amount: | $1,385,000
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| Maturity: | Oct. 3, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 22.8% if worst performing index finishes at or above 90% of initial level; par if worst performing index declines but finishes above 70% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at par plus 7.6% per year if each index closes at or above its call threshold level on an annual call determination date
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| Call threshold levels: | 100% of initial levels on Oct. 7, 2022 and 95% of initial levels on Oct. 2, 2023
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| Initial levels: | 2,281.29 for MSCI EAFE, 2,204.372 for Russell 2000
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| Downside thresholds: | 1,596.903 for MSCI EAFE, 1,543.060 for Russell 2000, 70% of initial level
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| Pricing date: | Sept. 30, 2021
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| Settlement date: | Oct. 5, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 61773F3P6
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