By Kiku Steinfeld
Chicago, March 10 – Morgan Stanley Finance LLC priced $1.57 million of 0% jump notes with autocallable feature due March 2, 2027 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 7.25% per year if the index closes at or above the applicable redemption threshold level on any annual determination date after two years other than the final one. The redemption threshold is 106% of the initial index level on the first determination date and increases by 300 basis points each year.
If the notes are not called and the final index level is greater than the initial index level, the payout at maturity will be par plus the index return. If the final index level is less than or equal to the initial index level, the payout will be par.
The notes are guaranteed by Morgan Stanley.
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: | $1,566,000
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| Maturity: | March 2, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par plus index return; if final index level is less than or equal to initial index level, par
|
| Call: | Automatically at par plus 7.25% per year if index closes at or above applicable redemption threshold level on any annual determination date after two years other than final one
|
| Initial level: | 235.81
|
| Redemption thresholds: | 106% on the first determination date; increases by 300 bps each year
|
| Pricing date: | Feb. 25
|
| Settlement date: | Feb. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.25%
|
| Cusip: | 61770FGP5
|
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