By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – Morgan Stanley Finance LLC priced $11 million of 0% step-down trigger autocallable notes due Sept. 25, 2026 linked to the lowest performing of the Nasdaq-100 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par of $10 plus a call return of 8.05% if each index closes at or above its initial level on any annual observation date or at or above its 70% downside threshold on the final valuation date.
If the notes are not called, the payout at maturity will be par plus the return with full exposure to any losses of the worse performing index.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Step-down trigger autocallable notes
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| Underlying indexes: | Nasdaq-100 index and Euro Stoxx 50 index
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| Amount: | $11 million
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| Maturity: | Sept. 25, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus return with full exposure to any losses of the worse performing index
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| Call: | At par plus a call return of 8.05% per year if each index closes at or above its initial level on any annual observation date or at or above its downside threshold on the final valuation date
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| Initial levels: | 15,027.77 for Nasdaq, 4,097.51 for Stoxx
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| Downside thresholds: | 10,519.44 for Nasdaq, 2,868.26 for Stoxx; 70% of initial levels
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| Pricing date: | Sept. 22
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| Settlement date: | Sept. 27
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| Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61773E718
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