Published on 6/30/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $1 million buffered autocallable jump securities on two indexes
New York, June 30 – Morgan Stanley Finance LLC priced $1 million of buffered jump securities with autocallable feature due Dec. 29, 2023 linked to the S&P 500 index and the Russell 2000 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 13.1% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Dec. 23, 2022.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 19.65%.
Investors will receive par if the worst performing index declines by 20% or less and will lose 1% for every 1% that the worst performing index declines beyond 20%.
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: | Buffered jump securities with autocallable feature
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| Underlying indexes: | S&P 500 index and Russell 2000 index
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| Amount: | $1,001,000
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| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial level, par plus 19.65%; par if worst performing index declines by 20% or less; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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| Call: | Automatically at a price to give a return of 13.1% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Dec. 23, 2022
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| Initial levels: | 1,711.673 for Russell 2000, 3,795.73 for S&P 500
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| Buffer levels: | 1,369.338 for Russell 2000 index, 3,036.584 for S&P 500 index, 80% of initial level
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| Pricing date: | June 23
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| Settlement date: | June 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.65%
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| Cusip: | 61774DSY4
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