Morgan Stanley plans autocallable jump securities on Dow, Russell

By Sarah Lizee

Olympia, Wash., May 15 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due June 3, 2022 linked to the worse performing of the Russell 2000 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

Starting after one year, the notes will be automatically called at par plus an annual premium of 7% if each index closes at or above 95% of its initial level on any annual review date.

The payout at maturity will be par plus 21% if each index finishes at or above the 95% call threshold level.

If the worse performing index declines but by no more than 30%, the payout will be par.

If the worse performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline of that index.

The agent is Morgan Stanley & Co. LLC.

The notes will price on May 28.

The Cusip number is 61769HAE5.

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