Published on 12/3/2021 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1.57 million autocallable jump securities on Nasdaq, Russell, Dow
New York, Dec. 3 – Morgan Stanley Finance LLC priced $1.57 million of 0% jump securities with autocallable feature due Nov. 29, 2024 linked to Nasdaq-100 index, Dow Jones Industrial Average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 9.75% per year starting May 23, 2022 if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date.
At maturity the payout will be par plus 29.25% if the worst performing index finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level, and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger 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 indexes: | Nasdaq-100 index, Dow Jones Industrial Average and Russell 2000 index
|
Amount: | $1,572,000
|
Maturity: | Nov. 29, 2024
|
Coupon: | 0%
|
Price: | Par
|
Payout at maturity: | Par plus 29.25% if the worst performing index finishes above its initial level; par if the worst performing index declines but finishes above its downside threshold level; otherwise, full exposure to the decline of the worst performing index
|
Call: | Automatically at par plus 9.75% per year starting May 23, 2022 if each index closes at or above its initial level on any semiannual determination date
|
Initial level: | 35,813.80 for Dow Jones, 16,306.72 for Nasdaq, 2,327.855 for Russell
|
Downside threshold: | 25,069.66 for Dow Jones, 11,414.704 for Nasdaq, 1,629.499 for Russell, 70% of initial level
|
Pricing date: | Nov. 23
|
Settlement date: | Nov. 29
|
Agent: | Morgan Stanley & Co. LLC
|
Fees: | 2.5%
|
Cusip: | 61773HJM2
|
|
|
|
© 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.