New York, Nov. 2 – Morgan Stanley Finance LLC priced $4.9 million of jump securities with autocallable feature due Oct. 30, 2025 linked to the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 17.5% per year if the closing level of each underlying index is greater than or equal to its initial level on any annual call determination date.
At maturity, the payout will be par plus 52.5% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 75% trigger level, and investors will be fully exposed to the decline of the worst performing index if it finishes below its 75% trigger level.
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 securities with autocallable feature
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Underlying indexes: | Russell 2000 index and S&P 500 index
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Amount: | $4,901,000
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Maturity: | Oct. 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 52.5% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 75% trigger level; otherwise, full exposure to decline of worst performing index
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Call: | Automatically at a price to give a return of 17.5% per year if the closing level of each underlying index is greater than or equal to its initial level on any annual call determination date
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Initial levels: | 1,806.322 for Russell 2000, 3,807.30 for S&P 500
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Downside thresholds: | 1,354.742 for Russell 2000, 2,855.475 for S&P 500, 75% of initial level
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Pricing date: | Oct. 27
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Settlement date: | Nov. 1
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61774HXE3
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