Morgan Stanley plans autocallable jump notes linked to three indexes

By Angela McDaniels

Tacoma, Wash., Feb. 26 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due April 10, 2024 linked to the worst performing of the S&P 500 index, 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 guaranteed by Morgan Stanley.

The notes will be automatically called at par plus a call premium if each index closes at or above its call threshold level, 92% of its initial level, on any annual determination date. The call premium is expected to be at least 7% per year.

If the notes have not previously been redeemed and the final level of each index is greater than or equal to its call threshold level, the payout at maturity will be par plus at least $1,350.

If the final level of any index is less than its call threshold level but the final level of each index is greater than or equal to its downside threshold level, 70% of its initial level, the payout will be par.

If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.

The exact terms will be set at pricing.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price March 22.

The Cusip number is 61768DT70.

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