By Wendy Van Sickle
Columbus, Ohio, Oct. 8 – Morgan Stanley Finance LLC priced $18.46 million of 0% jump securities with autocallable feature due Oct. 1, 2026 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10% a year if the index closes at or above its initial level on Oct. 7, 2022.
If the notes are not called and the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus 177% of the index return.
If the index falls by up to 30%, the payout will be par. Otherwise, investors will lose 1.4286% for every 1% that the index declines beyond 30%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $18,459,000
|
| Maturity: | Oct. 1, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of the index is greater than or equal to its initial level, par plus 177% of the index return; if index falls by up to 30%, par; otherwise, 1.4286% loss for every 1% index decline beyond 30%
|
| Call: | Automatically at par plus 10% a year if the index closes at or above initial level on Oct. 7, 2022
|
| Initial level: | 4,165.48
|
| Pricing date: | Sept. 27
|
| Settlement date: | Sept. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.1%
|
| Cusip: | 61773FM42
|
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