By Wendy Van Sickle
Columbus, Ohio, June 10 – Morgan Stanley Finance LLC priced $576,000 of 0% jump securities with autocallable feature due May 17, 2024 linked to the least performing of the VanEck Vectors Gold Miners exchange-traded fund and the iShares Silver trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 12.8% per year if each asset closes at or above its initial level on any semiannual call observation date.
If the final level of each asset is greater than or equal to its 70% downside threshold level, the payout at maturity will be par plus 38.4%.
If the final level of any asset is less than its threshold level, investors will lose 1% for every 1% that the least-performing asset declines from its initial 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 assets: | VanEck Vectors Gold Miners ETF, iShares Silver trust
|
| Amount: | $576,000
|
| Maturity: | May 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each asset is greater than or equal to downside threshold level, par plus 38.4%; otherwise, 1% loss for every 1% that least-performing asset declines from initial level
|
| Call: | Automatically at par plus 12.8% annualized call premium if each asset closes at or above initial level on any semiannual call observation date
|
| Initial levels: | $25.46 for iShares Silver, $37.84 for Gold Miners
|
| Downside thresholds: | $17.822 for iShares Silver, $26.488 for Gold Miners, or 70% of initial levels
|
| Pricing date: | May 14
|
| Settlement date: | May 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61771VJ68
|
|
|
© 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.
