By Angela McDaniels
Tacoma, Wash., June 20 – Morgan Stanley Finance LLC priced $250,000 of 0% jump notes with autocallable feature due July 31, 2029 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 10% per year if the index closes at or above its redemption threshold level on any annual determination date. The redemption threshold level starts at 102.5% of the initial index level and increases by 2.5% per year.
If 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
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| Guarantor: | Morgan Stanley
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| Issue: | Jump notes with autocallable feature
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| Underlying indexes: | Morgan Stanley MAP Trend index
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| Amount: | $250,000
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| Maturity: | July 31, 2029
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| Coupon: | 0%
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| Price: | Par
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| 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
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| Call: | Automatically at par plus 10% per year if index closes at or above redemption threshold level on any annual determination date; redemption threshold level starts at 102.5% of initial index level and increases by 2.5% per year
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| Initial level: | 229.5
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| Pricing date: | July 26, 2022
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| Settlement date: | July 29, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61774DWF0
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