New York, Nov. 3 – Morgan Stanley Finance LLC priced $1.23 million of jump securities with autocallable feature due Oct. 30, 2026 linked to the Russell 2000 index and the S&P 500 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 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date starting Oct. 30, 2023.
At maturity, the payout will be par plus 60% if the worst performing index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the worst performing index.
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: | Russell 2000 index and S&P 500 index
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Amount: | $1.23 million
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Maturity: | Oct. 30, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 60% if the worst performing index finishes at or above its initial level; otherwise, full exposure to the decline of the worst performing index
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Call: | Automatically at a price to give a return of 15% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date starting Oct. 30, 2023
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Initial levels: | 1,806.322 for Russell 2000, 3,807.30 for S&P 500
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Pricing date: | Oct. 27
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Settlement date: | Nov. 1
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.75%
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Cusip: | 61774HYE2
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