E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 4/29/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $10.15 million autocallable jump securities on indexes

New York, April 29 – Morgan Stanley Finance LLC priced $10.15 million of jump securities with autocallable feature due Jan. 29, 2026 linked to Nasdaq-100 Technology Sector index, Russell 2000 index and Technology Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically starting July 24 at a price to give a return of 11% per year if the level of each underlier is greater than or equal to its initial price and on any subsequent determination date.

At maturity the payout will be par plus 19.25% if the worst performing underlier finishes above its initial level.

The payout will be par if the worst performing asset declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing asset 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 assets:Nasdaq-100 Technology Sector index, Russell 2000 index and Technology Select Sector SPDR Fund
Amount:$10,152,000
Maturity:Jan. 29, 2026
Coupon:0%
Price:Par
Payout at maturity:Par plus 19.25% if worst performing asset finishes above its initial level; par if worst performing asset declines but finishes above its 70% trigger level; otherwise full exposure to decline of worst performing asset
Call:Automatically starting July 24 at a price to give a return of 11% per year if the level of each underlier is greater than or equal to its initial price and on any subsequent determination date
Initial levels:9,895.33 for Nasdaq-100 Technology Sector, 1,995.426 for Russell 2000, $198.03 for Technology Select Sector SPDR Fund
Downside thresholds:6,926.731 for Nasdaq-100 Technology Sector, 1,396.798 for Russell 2000, $138.621 for Technology Select Sector SPDR Fund, 70% of initial level
Pricing date:April 24
Settlement date:April 29
Agent:Morgan Stanley & Co. LLC
Fees:1.875%
Cusip:61776LPU5

© 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.