By Wendy Van Sickle
Columbus, Ohio, April 3 – Morgan Stanley Finance LLC priced $3.36 million of 0% jump securities with autocallable feature due April 3, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized call premium of 12% if the index closes at or above the initial level on any annual determination date after one year.
If the index closes at or above its initial level, the payout at maturity will be $1,600 per $1,000 principal amount.
If the index falls by up to its 70% downside threshold, the payout will be $1,000 per $1,000 of notes.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $3,362,100
|
| Maturity: | April 3, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 12% annualized if index closes at or above initial level on any annual determination date
|
| Payout at maturity: | If index gains, par plus 60%; if index falls by up to 30%, par; otherwise, 1% loss per 1% decline
|
| Initial index level: | 3,361.5
|
| Barrier level: | 2,353.05, 70% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61768P538
|
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