By Wendy Van Sickle
Columbus, Ohio, Jan. 26 – Morgan Stanley Finance LLC priced $10.35 million of 0% autocallable index-linked notes due Jan. 20, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index closes at or above its initial level on any quarterly observation date after one year, the notes will be called at par plus an annualized premium of 10%.
If the notes are not called and the index return is positive or zero, the payout at maturity will be par plus the greater of the index return and the threshold settlement amount of 30%.
If the index return is negative but not less than negative 20%, the payout will be par; otherwise, investors will be fully exposed to the losses of the index.
Morgan Stanley & Co. LLC is the underwriter.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Autocallable index-linked notes
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $10.35 million
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| Maturity: | Jan. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 30%; if the index return is negative but not less than negative 20%, par; otherwise, full exposure to the losses of the index
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| Call: | If the index closes at or above initial level on any quarterly observation date after one year, par plus 10% per year
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| Initial level: | 4,403.08
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| Trigger buffer level: | 80% of initial level
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| Pricing date: | Jan. 17
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| Settlement date: | Jan. 24
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| Underwriter: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61771WMW5
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