Published on 11/17/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.26 million autocallable jump securities linked to indexes
Chicago, Nov. 17 – Morgan Stanley Finance LLC priced $1.26 million of jump securities with autocallable feature due March 8, 2027 linked to the worst performing of the Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 15% if the level of each underlying index is greater than or equal to its initial level on March 6, 2023.
The payout at maturity will be par plus 150% of the return of the worst performing index if the return of that index is positive.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the 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
|
Guarantor: | Morgan Stanley
|
Issue: | Jump securities with autocallable feature
|
Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
|
Amount: | $1.26 million
|
Maturity: | March 8, 2027
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | If return of worst performing index is positive, par plus 150% of that index's return; par if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
|
Upside leverage: | 150%
|
Call: | Automatically at par plus 15% if the level of each underlying index is greater than or equal to its initial level on March 6, 2023
|
Initial levels: | 33,794.66 for Dow, 14,035.21 for Nasdaq, 2,032.410 for Russell
|
Downside thresholds: | 23,656.262 for Dow, 9,824.647 for Nasdaq, 1,422.687 for Russell, 70% of initial levels
|
Pricing date: | March 3
|
Settlement date: | March 8
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 3.625%
|
Cusip: | 61773QJN0
|
|
© 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.