By Taylor Fox
New York, Feb. 22 – Morgan Stanley Finance LLC priced $10.8 million of 0% jump securities with autocallable feature due Jan. 30, 2026 linked to the worst performing of the Euro Stoxx 50 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 called at par plus an annual premium of 9.52% if each index closes at or above its initial level on any quarterly observation date.
At maturity, if the notes have not been called and all indexes finish above their initial levels, the payout will be par plus 47.6%.
If the worst performing index declines by up to 25%, the payout will be par. If the worst performing index finishes below its 75% downside threshold level, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Euro Stoxx 50 index and Dow Jones industrial average
|
| Amount: | $10.8 million
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| Maturity: | Jan. 30, 2026
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| Coupon: | 0%
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| Price: | Par
|
| Call: | At par plus an annual premium of 9.52% if each index closes at or above its initial level on any quarterly observation date
|
| Payout at maturity: | Par plus 47.6% if all indexes finish above initial level; if the worst performing index declines by up to 25%, par; if the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline
|
| Initial levels: | 30,303.17 for Dow, 3,536.38 for Stoxx
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| Downside thresholds: | 22,727.378 for Dow, 2,652.285 for Stoxx; 75% of initial levels
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.6%
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| Cusip: | 61771ER26
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