By William Gullotti
Buffalo, N.Y., Sept. 21 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due July 6, 2023 linked to the performance of the Nasdaq-100 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 7% if the index closes at or above its initial level on any annual observation date.
At maturity, if the index finishes at or above its initial level, the payout will be par plus the index return.
If the index finishes below its initial level but at or above its 80% downside threshold level, the payout will be par. If the index finishes below its downside threshold level, investors will be fully exposed to the decline from its initial level.
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: | Nasdaq-100 index
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| Amount: | $250,000
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| Maturity: | July 6, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus index gain; if the index finishes below its initial level but at or above its downside threshold level, par; otherwise, lose 1% for every 1% decline from initial level
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| Call: | At par plus an annualized call premium of 7% if the index closes at or above initial level on any annual observation date
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| Initial level: | 14,554.8
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| Downside threshold level: | 11,643.84; 80% of initial levels
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
|
| Cusip: | 61771V4A5
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