Published on 9/20/2022 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $337,000 autocallable jump notes on Dow, Russell, Nasdaq
By Kiku Steinfeld
Chicago, Sept. 20 – Morgan Stanley Finance LLC priced $337,000 of jump securities with autocallable feature due Jan. 31, 2025 linked to Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 18% if the level of each index is greater than or equal to its initial level on Jan. 21, 2023.
The payout at maturity will be par plus 200% of any gain of the worst performing index.
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
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Dow Jones industrial average, Nasdaq-100 index and Russell 2000 index
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| Amount: | $337,000
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| Maturity: | Jan. 31, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any gain of the worst performing index; par if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
|
| Upside leverage: | 200%
|
| Call: | Automatically at par plus 18% if the level of each index is greater than or equal to its initial level on Jan. 21, 2023
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| Initial levels: | 34,725.47 for Dow, 14,454.61 for Nasdaq, 1,968.508 for Russell
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| Downside thresholds: | 24,307.829 for Dow, 10,118.227 for Nasdaq, 1,377.956 for Russell, 70% of initial levels
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| Pricing date: | Jan. 28
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| Settlement date: | Feb. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61773HU56
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