Morgan Stanley plans buffered jump autocalls on Dow, Russell

By Sarah Lizee

Olympia, Wash., Oct. 25 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities with autocallable feature due Oct. 31, 2024 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be automatically called at par plus 7.5% to 9.5% per year if each index closes at or above its initial level on any annual determination date.

If the notes are not called and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 37.5% to 47.5%.

If the final level of either index is less than its initial level but the final level of each index is greater than or equal to its buffer level, 85% of its initial level, the payout will be par.

If the final level of either index is less than its buffer level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Oct. 28.

The Cusip number is 61769HA70.

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