By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Morgan Stanley Finance LLC priced $3.51 million of 0% jump securities with autocallable feature due Sept. 14, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annual call premium of 9.65% if the index closes at or above the initial level on any quarterly determination date after one year.
If the index closes at or above its initial level, the payout at maturity will be $14.825 per $10 principal amount.
If the index falls by up to its 80% downside threshold, the payout will be $1,000 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline beyond 20%.
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: | Euro Stoxx 50 index
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| Amount: | $3.51 million
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| Maturity: | Sept. 14, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 9.65% per year if index closes at or above initial level on any quarterly determination date after one year
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| Payout at maturity: | If index gains, par plus 48.25%; if index falls by up to 20%, par; otherwise, 1% loss per 1% decline beyond 20%
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| Initial index level: | 3,311.66
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| Pricing date: | Sept. 11
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| Settlement date: | Sept. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61768T142
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