Chicago, April 26 – Morgan Stanley Finance LLC priced $707,000 of 0% jump notes with autocallable feature due May 31, 2029 linked to the performance of the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized call premium of 8.5% if the index closes at or above its call level on any annual observation date. Call level starts at 102.5% of initial level and increases by 2.5% per year.
At maturity, if the index finishes at or above its initial level, the payout will be par plus the index return.
Otherwise, investors will receive par.
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 notes with autocallable feature
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| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $707,000
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| Maturity: | May 31, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes positive, par plus return; otherwise, par
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| Call: | At par plus an annualized call premium of 8.5% if the index closes at or above call level on any annual observation date; call level starts at 102.5% of initial level and increases by 2.5% per year
|
| Initial level: | 233.49
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| Pricing date: | May 25, 2022
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| Settlement date: | May 31, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.5%
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| Cusip: | 61773Q5X3
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