Morgan Stanley plans autocallable jump notes due 2025 on indexes

By Sarah Lizee

Olympia, Wash., Jan. 30 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due March 12, 2025 linked to the worst performing of the S&P 500 index, the Russell 2000 index and the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be automatically called at par plus an annual premium of at least 7.5% if each index closes at or above 90% of its initial level on any annual review date.

The payout at maturity will be par plus 45% if each index finishes at or above 90% of its initial level. If the worst performing index declines by no more than 30%, the payout will be par. If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline of the worst performing index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 15.

The Cusip number is 61768DH24.

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