By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – Morgan Stanley Finance LLC priced $1.72 million of 0% jump notes with autocallable feature due Sept. 11, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus an early redemption premium of 11.2% annualized if the index closes at or above the initial level on any quarterly call date after one year.
The payout at maturity will be par plus 56% if the index finishes flat or positive, and par if the index falls by up to 15%. Otherwise, investors will lose 1.1765% for each 1% loss beyond 15%.
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 notes with autocallable feature
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1.72 million
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| Maturity: | Sept. 11, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 56% if index finishes at or above initial level; par if the index falls by up to 15%; 1.1765% loss for each 1% loss beyond 15%
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| Call: | Automatically at par plus an early redemption premium of 11.2% per year if the index closes at or above initial level on any quarterly call date after one year
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| Initial level: | 3,295.95
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| Pricing date: | Sept. 6
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| Settlement date: | Sept. 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61768R807
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