Published on 5/2/2019 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $250,000 jump autocallables linked to MAP Trend
By Angela McDaniels
Tacoma, Wash., May 2 – Morgan Stanley Finance LLC priced $250,000 of 0% jump notes with autocallable feature due May 3, 2024 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be automatically called at par plus 7.5% per year if the index closes at or above the applicable redemption threshold level on any annual determination date. The redemption threshold is 102% of the initial index level on May 1, 2020, 104% of the initial level on April 30, 2021, 106% of the initial level on May 2, 2022 and 108% of the initial level on May 1, 2023.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump notes with autocallable feature
|
| Underlying index: | Morgan Stanley MAP Trend index
|
| Amount: | $250,000
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level, par
|
| Call: | Automatically at par plus 7.5% per year if index closes at or above applicable redemption threshold level on any annual determination date
|
| Initial level: | 222.03
|
| Redemption thresholds: | 102% of initial index level on May 1, 2020, 104% of initial index level on April 30, 2021, 106% of initial index level on May 2, 2022 and 108% of initial index level on May 1, 2023
|
| Pricing date: | April 30
|
| Settlement date: | May 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 61768D5X9
|
© 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.
