New York, March 22 – Morgan Stanley Finance LLC priced $11.51 million of jump securities with autocallable feature due March 22, 2027 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
Starting March 24, 2023, the securities will be called automatically at par plus 11.5% per year if the index closes at or above the call threshold level, 90% of the initial level, on any quarterly call determination date.
At maturity the payout will be par plus 57.5% if the index finishes at or above 90% of its initial level. The payout will be par if the index declines by more than 10% but by less than 15%. Otherwise, investors will lose 1.1765% for every 1% that the index declines beyond 15%.
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 index: | Euro Stoxx 50 index
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Amount: | $11,511,000
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Maturity: | March 22, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 57.5% if index finishes at or above call threshold; par if index finishes below call threshold but does not decline by more than 15%; 1.1765% loss for every 1% that index declines beyond 15%
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Call: | Starting March 24, 2023, automatically at par plus 11.5% per year if index closes at or above call threshold on any quarterly call determination date
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Initial level: | 3,885.32
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Call threshold: | 3,496.788, 90% of the initial level
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Pricing date: | March 17
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Settlement date: | March 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61773QSK6
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