New Issue: Morgan Stanley sells $284,000 jump autocallables on two indexes

By Wendy Van Sickle

Columbus, Ohio, March 4 – Morgan Stanley Finance LLC priced $284,000 of 0% jump securities with autocallable feature due Feb. 28, 2025 linked to the worst performing of the S&P 500 index and the Russell 2000 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 an annual premium of 5.75% if each index closes at or above its initial level on any annual call date.

If the notes are not called and the worst-performing index declines by no more than 40%, the payout at maturity will be par. If the worst performing index finishes below its 60% downside threshold level, investors will be fully exposed to the decline of that index.

Morgan Stanley & Co. LLC is the underwriter.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities with autocallable feature
Underlying indexes:	S&P 500 index and Russell 2000 index
Amount:	$284,000
Maturity:	Feb. 28, 2025
Coupon:	0%
Price:	Par
Call:	At par plus 5.75% a year if each index closes at or above initial level on any annual call review date
Payout at maturity:	If notes are not called and worst performing index falls by up to 40%, par; otherwise, full exposure to decline of worst performing index
Initial levels:	3,128.21 for S&P, 1,571.897 for Russell
Downside thresholds:	1,876.926 for S&P, 943.138 for Russell; 60% of initial levels
Pricing date:	Feb. 25
Settlement date:	Feb. 28
Agent:	Morgan Stanley & Co. LLC
Fees:	3.75%
Cusip:	61770FJN7

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