By Sarah Lizee
Olympia, Wash., Oct. 1 – Morgan Stanley Finance LLC priced $2.19 million of 0% jump notes with autocallable feature due March 30, 2026 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus an early redemption premium of 6% per year if the index closes at or above the applicable redemption threshold on any of the first seven annual determination dates. The redemption threshold is 101.5% of the initial index level for the first determination date and steps up by 150 basis points each year to a redemption threshold of 110.5% of the initial level for the seventh determination date.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump notes with autocallable feature
|
| Underlying index: | Morgan Stanley MAP Trend index
|
| Amount: | $2,185,000
|
| Maturity: | March 30, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if the index finishes flat or falls
|
| Call: | Automatically at par plus an early redemption premium of 6% per year if the index closes at or above the applicable redemption threshold on any of first seven annual determination dates; redemption threshold is 101.5% of the initial index level for the first determination date and steps up by 150 bps each year to a redemption threshold of 110.5% for the seventh determination date
|
| Initial level: | 222.79
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.5%
|
| Cusip: | 61768DEA9
|
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