By Kiku Steinfeld
Chicago, June 15 – Morgan Stanley Finance LLC priced $250,000 of 0% jump notes with autocallable feature due Jan. 31, 2030 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 9% if the index closes at or above its call level on any annual observation date. The call level starts at 101.5% of the initial level and increases by 1.5% per year.
At maturity, the payout will be par plus any index gain with a floor of par.
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: | $250,000
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Maturity: | Jan. 31, 2030
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain with a floor of par
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Call: | At par plus an annualized call premium of 9% if the index closes at or above call level on any annual observation date; call level starts at 101.5% of initial level and increases by 1.5% per year
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Initial level: | 226.95
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Pricing date: | Jan. 26, 2023
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Settlement date: | Jan. 31, 2023
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61774TKE1
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