By Sarah Lizee
Olympia, Wash., April 13 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due April 3, 2025 linked to the worst performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus 15.15% per year if each index closes at or above its call level on any annual determination date. The call level will be 95% of each index’s initial level.
The payout at maturity will be par plus 75.75% if each index finishes at or above 95% 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 that index.
Morgan Stanley & Co. LLC is the underwriter.
| 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: | Euro Stoxx 50 index and Russell 2000 index
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| Amount: | $250,000
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| Maturity: | April 3, 2025
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| Coupon: | 0%
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| Price: | Par
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| Call: | Automatically at par plus 15.15% per year if each index closes at or above its call level on any annual determination date; call level will be 95% of each index’s initial level
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| Payout at maturity: | Par plus 75.75% if each index finishes at or above 95% of its initial level; if the worst performing index declines by no more than 30%, par; if the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline of that index
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| Initial levels: | 1,153.103 for Russell, 2,786.90 for Stoxx
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| Downside thresholds: | 807.172 for Russell, 1,950.83 for Stoxx; 70% of initial levels
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| Pricing date: | March 31
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| Settlement date: | April 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61770FQS8
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