By Wendy Van Sickle
Columbus, Ohio, Nov. 19 – Morgan Stanley Finance LLC priced $7.6 million of 0% jump securities with autocallable feature due Nov. 18, 2027 linked to the least performing of the Euro Stoxx 50 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 11% a year if each index closes at or above its initial level on any annual observation date
If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 66%.
Investors will lose 1% for every 1% that the lesser-performing index declines.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| 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, S&P 500
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| Amount: | $7.6 million
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| Maturity: | Nov. 18, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to initial level, par plus 66%; otherwise, 1% loss for every 1% that least-performing index declines
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| Call: | Automatically at par plus 11% a year if each index closes at or above initial level on any annual observation date
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| Initial levels: | 4,682.8 for S&P, 4,386.19 for Stoxx
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| Pricing date: | Nov. 15
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| Settlement date: | Nov. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773HHA0
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