By Taylor Fox
New York, March 10 – Morgan Stanley Finance LLC priced $280,000 of 0% jump securities with autocallable feature due Dec. 1, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus a premium of 10% if the index closes at or above its initial level on March 4, 2022.
At maturity, if the notes have not been called and the index finishes above its initial level, the payout will be par plus 1.25 times the index’s return.
If the index declines by up to 20%, the payout will be par. If the index finishes below its 80% downside threshold level, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | S&P 500 index
|
| Amount: | $280,000
|
| Maturity: | Dec. 1, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus a premium of 10% if the index closes at or above its initial level on March 4, 2022
|
| Payout at maturity: | If the index finishes above its initial level, par plus 1.25 times the index return; if the index declines by up to 20%, par; if the index finishes below its downside threshold level, investors lose 1% for each 1% decline from the initial level
|
| Initial level: | 3,811.15
|
| Downside threshold level: | 3,048.92; 80% of initial level
|
| Pricing date: | Feb. 26
|
| Settlement date: | March 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61771EX37
|
© 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.
