New York, Jan. 24 – Morgan Stanley Finance LLC priced $2.73 million of buffered jump securities with autocallable feature due Jan. 24, 2029 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 12% per year if the index closes at or above its 90% call threshold on any monthly observation date starting Jan. 22, 2025.
If the index finishes at or above its call threshold, the payout at maturity will be par plus 60%.
Investors will receive par if the index declines by 15% or less and will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities with autocallable feature
|
| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
|
| Amount: | $2.73 million
|
| Maturity: | Jan. 24, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its call threshold, par plus 60%; par if index declines by 15% or less; otherwise, 1% loss for every 1% that index declines beyond 15%
|
| Call: | Automatically at a price to give a return of 12% per year if the index closes at or above its call threshold on any monthly observation date starting Jan. 22, 2025
|
| Initial level: | 944.06
|
| Buffer level: | 802.451, 85% of initial level
|
| Call threshold: | 849.654, 90% of initial level
|
| Pricing date: | Jan. 19
|
| Settlement date: | Jan. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.1%
|
| Cusip: | 61771WPC6
|
|
|
|
|
© 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.
