Published on 10/25/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 buffered autocallable jump securities on indexes
Chicago, Oct. 25 – Morgan Stanley Finance LLC priced $250,000 of buffered jump securities with autocallable feature due Feb. 27, 2025 linked to the worst performing of the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Feb. 24, 2023 at a price to give a return of 8% per year if the level of each underlying index is greater than or equal to 102% of its initial level on any semiannual determination date.
If the worst performing index finishes above its call threshold level, the payout at maturity will be par plus 24%. Investors will receive par if the worst performing index finishes below its call threshold level but declines by 15% or less and will lose 1% for every 1% that the worst performing index declines beyond the buffer.
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: | Buffered jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $250,000
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| Maturity: | Feb. 27, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes above its call threshold level, par plus 24%; par if worst performing index finishes below its call threshold level but declines by 15% or less; 1% loss for every 1% that worst performing index declines beyond 15%
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| Call: | Automatically starting Feb. 24, 2023 at a price to give a return of 8% per year if the level of each underlying index is greater than or equal to 102% of its initial level on any semiannual determination date
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| Initial levels: | 13,509.43 for Nasdaq, 1,944.092 for Russell
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| Buffer levels: | 11,483.016 for Nasdaq, 1,652.478 for Russell, 85% of initial levels
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| Call threshold: | 13,779.619 for Nasdaq, 1,982.974 for Russell, 102% of initial levels
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61773H4L0
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