By William Gullotti
Buffalo, N.Y., April 26 – Morgan Stanley Finance LLC priced $4.1 million of market-linked securities – autocallable with contingent downside due April 24, 2029 linked to the performance of the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized 7.95% call premium if the index closes at or above the initial level on any quarterly observation date after one year.
If the notes are not called, the payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for every 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market linked securities – autocallable with contingent downside
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $4,097,000
|
| Maturity: | April 24, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par unless the index falls by more than 25%, in which case 1% loss per 1% decline of index from its initial level
|
| Call: | At par plus an annualized 7.95% call premium if the index closes at or above its initial level on any quarterly observation date after one year
|
| Initial level: | 17,037.65
|
| Downside threshold: | 12,778.2375; 75% of initial level
|
| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agents: | Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
|
| Fees: | 2.825%
|
| Cusip: | 61776LSW8
|
|
|
© 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.
