By Wendy Van Sickle
Columbus, Ohio, Feb. 14 – Morgan Stanley Finance LLC priced $766,000 of 0% jump notes with autocallable feature due Feb. 13, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 9.7% if each underlying component closes at or above its initial level on any annual determination date after one year.
If each underlying component finishes at or above its initial level, the payout at maturity will be $1,587.50 per $1,000 principal amount.
If either index falls by up to the 70% downside threshold, the payout will be $1,100 per $1,000 of notes.
Otherwise, investors will be fully exposed to any losses of the worse performing component.
The notes will be 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 assets: | Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund
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| Amount: | $766,000
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| Maturity: | Feb. 13, 2023
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | If each asset gains, par plus 58.75%; if either asset falls by up to 30%, par; otherwise, par plus return of lesser-performing asset with 1% loss per 1% decline
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| Call: | At par plus annualized premium of 9.7% if each asset closes at or above initial level on any annual review date after one year
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| Initial levels: | 3,377.30 for index, $68.30 for ETF
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| Downside thresholds: | 2,364.11 for index, $47.81 for ETF; 70% of initial levels
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.125%
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| Cusip: | 61768CYT8
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