By Wendy Van Sickle
Columbus, Ohio, June 20 – Morgan Stanley Finance LLC priced $5.43 million of 0% dual directional jump securities with autocallable feature due Dec. 17, 2024 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus a 13.35% annualized call premium if each index closes at or above its initial level on any semiannual valuation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus 20.025%.
If the worst performer declines by 20% or less, the payout will be par plus the absolute value of that index’s return.
Otherwise, investors will lose 1.25% for every 1% that the worst performer declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional jump securities with autocallable feature
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000 index
|
| Amount: | $5,428,000
|
| Maturity: | Dec. 17, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus 20.025%; if the worst performer declines by no more than 20%, par plus absolute value of that index’s return; otherwise, 1.25% loss for every 1% that the worst performer declines beyond 20%
|
| Call: | Automatically at par plus a 13.35% annualized call premium if each index closes at or above initial level on any semiannual valuation date
|
| Initial levels: | 14,784.3 for Nasdaq, 1,873.214 for Russell
|
| Downside thresholds: | 11,827.44 for Nasdaq, 1,498.571 for Russell; 80% of initial levels
|
| Pricing date: | June 13
|
| Settlement date: | June 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.05%
|
| Cusip: | 61774X7E7
|
|
|
|
|
© 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.
