By Susanna Moon
Chicago, Aug. 30 – Morgan Stanley Finance LLC priced $2.5 million of 0% autocallable jump securities due Aug. 29, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 9% if the index closes above its initial level on any quarterly review date.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus 63%.
If the index falls by up to the 70% downside threshold, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent, with Morgan Stanley Wealth Management handling distribution.
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: | Euro Stoxx 50
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Amount: | $2.5 million
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Maturity: | Aug. 29, 2024
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Coupon: | 0%
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Price: | Par of $10
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Call: | At par plus 9% annualized if index closes above initial level on any quarterly review date other than the final date beginning Aug. 27, 2018
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Payout at maturity: | If index gains, par plus 63%; par if index falls by up to 30%; otherwise, 1% loss for each 1% decline
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Initial index level: | 3,438.55
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Downside threshold: | 2,406.985, 70% of initial index level
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Pricing date: | Aug. 25
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Settlement date: | Aug. 30
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Underwriter: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61766X731
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