Published on 1/12/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.44 million autocallable jump securities on indexes
New York, Jan. 12 – Morgan Stanley Finance LLC priced $1.44 million of 0% jump securities with autocallable feature due Jan. 8, 2027 linked to 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 a price of $1,165 per $1,000 principal amount if each index closes at or above its initial level on Jan. 8, 2025.
The payout at maturity will be par plus 200% 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
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| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $1,435,000
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| Maturity: | Jan. 8, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus 200% 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
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| Upside leverage: | 200%
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| Call: | Automatically at a price of $1,165 per $1,000 principal amount if each index closes at or above its initial level on Jan. 8, 2025
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| Initial levels: | 37,466.11 for Dow Jones industrial average, 16,305.98 for Nasdaq-100, 1,951.142 for Russell 2000
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| Downside thresholds: | 26,226.277 for Dow Jones industrial average, 11,414.186 for Nasdaq-100, 1,365.799 for Russell 2000, 70% of initial level
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| Pricing date: | Jan. 5
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| Settlement date: | Jan. 10
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61771WHN1
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