Morgan Stanley to price autocallable jump securities on Stoxx, Dow

By Sarah Lizee

Olympia, Wash., Oct. 9 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Nov. 2, 2023 linked to the worse performing of the Euro Stoxx 50 index and the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

Beginning April 29, 2019, the securities will be automatically called at par plus an early redemption payment at an annual rate of 11% if both indexes close at or above their initial values on any quarterly determination date.

If both indexes end at or above their initial values the payout at maturity will be $1,500 to $1,550 per $1,000 principal amount.

The payout will be par if either index declines but both finish at or above their downside threshold levels, 60% of their initial values.

The notes will give full exposure to the decline of the worse performing index if either index ends below its downside threshold.

Morgan Stanley & Co. LLC is the agent.

The notes will be guaranteed by Morgan Stanley.

The notes will price on Oct. 29 and settle on Oct. 31.

The Cusip number is 61768DGZ2.

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