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Morgan Stanley to price autocallable jump notes on Euro Stoxx 50
By Wendy Van Sickle
Columbus, Ohio, Aug. 24 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Aug. 29, 2024 linked to the Euro Stoxx 50 index, according to an FWP filed with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
After one year, the notes will be called at par plus an annualized premium of 9% if the index closes at or above its initial level on any quarterly call observation date.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par of $10 plus 16.3%.
If the index declines by up to 30%, the payout will be par. If the index declines by more than 30%, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
The notes will price on Aug. 25 and settle on Aug. 30.
The Cusip number is 61766X731.
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