New York, Oct. 27 – Morgan Stanley Finance LLC priced $3.52 million of 0% autocallable jump securities due Oct. 29, 2020 linked to the worth performing of the S&P 500 index and the Nikkei 225 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a return of 10% per year if both indexes close above their initial value on any annual determination date beginning on Oct. 31, 2018.
If both indexes finish at or above 90% of their initial level, the payout at maturity will be par plus 30%.
The payout will be par if the worst performing index declines by more than 10% but finishes above its 75% downside threshold.
Otherwise investors will lose 1% for each 1% decline of the worst performing index from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable jump securities
|
| Underlying indexes: | S&P 500 index and Nikkei 225 index
|
| Amount: | $3,515,000
|
| Maturity: | Oct. 29, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If both indexes finish at or above 90% of initial level, par plus 30%; par if worst performing index declines by more than 10% but finishes above 75% downside threshold; otherwise exposure to losses
|
| Initial levels: | 2,557.15 for S&P 500, 21,707.62 for Nikkei
|
| Downside thresholds: | 1,917.863 for S&P 500, 16,280.715 for Nikkei; 75% of initial level
|
| Call: | Automatically at par plus 10% year if both indexes close above their initial value on any annual determination date beginning on Oct. 31, 2018
|
| Pricing date: | Oct. 25
|
| Settlement date: | Oct. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768CSJ7
|
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