New York, April 22 – Morgan Stanley Finance LLC priced $10 million of jump securities with autocallable feature due April 20, 2034 linked to S&P 500 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 9.5% per year if the closing level of the underlying index is greater than or equal to its initial level on any annual call determination date.
At maturity, the payout will be par plus 95% if the index finishes at or above its initial level.
Investors will be fully exposed to any decline of the index.
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: | Jump securities with autocallable feature
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Underlying index: | S&P 500 index
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Amount: | $10 million
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Maturity: | April 20, 2034
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 95% if the index finishes at or above its initial level; otherwise, full exposure to the decline of the index
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Call: | Automatically at a price to give a return of 9.5% per year if the closing level of the underlying index is greater than or equal to its initial level on any annual call determination date
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Initial level: | 5,051.41
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Strike date: | April 16
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Pricing date: | April 17
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Settlement date: | April 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61776LC96
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