By Susanna Moon
Chicago, April 16 – Morgan Stanley Finance LLC priced $1 million of 0% jump securities with autocallable feature due April 12, 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 annual call premium of 15.6% 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 $1,780 per $1,000 principal amount.
If the index falls by up to its 74.5% 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
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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: | $1 million
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| Maturity: | April 12, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 15.6% per year if index closes at or above initial level on any annual determination date
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| Payout at maturity: | If index gains, par plus 78%; if index falls by up to 25.5%, par; otherwise, 1% loss per 1% decline
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| Initial index level: | 3,429.95
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| Barrier level: | 2,555.313, 74.5% of initial level
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| Pricing date: | April 5
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| Settlement date: | April 10
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61768CT23
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