Morgan Stanley plans autocallable jump securities linked to indexes

By Sarah Lizee

Olympia, Wash., Nov. 25 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Dec. 2, 2024 linked to the least performing of the Nasdaq-100 index, the Dow Jones industrial average and the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus a call premium if each index closes at or above 95% of its initial level on any annual determination date. The call premium is expected to be 7% per year and will be set at pricing.

If the notes have not previously been redeemed and the final level of each index is greater than or equal to 95% of its initial level, the payout at maturity will be par plus a fixed amount that is expected to be 35% and will be set at pricing.

If the final level of any index is less than 95% of its initial level but the final level of each index is greater than or equal to its downside threshold level, 60% of its initial level, the payout will be par.

If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the least-performing index declines from its initial level.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price Nov. 26.

The Cusip number is 61769HU94.

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