By Wendy Van Sickle
Columbus, Ohio, June 13 – Morgan Stanley Finance LLC priced $1.1 million of 0% jump securities with autocallable feature due June 10, 2027 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus an 8.5% a year if the index closes at or above its redemption level on an annual determination date. The redemption level starts out at 102% of the initial level and climbs by 2% each year.
If the notes are not called and the final level of the index is greater than or equal to its initial level, the payout at maturity will be par plus the index change.
Otherwise, investors will receive par
The notes are guaranteed by Morgan Stanley.
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: | Morgan Stanley MAP Trend
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| Amount: | $1.1 million
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| Maturity: | June 10, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of the index is greater than or equal to its initial level, par plus index change; otherwise, par
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| Call: | Automatically at par plus 8.5% a year if the index closes at or above redemption level on an annual determination date; redemption level starts out at 102% of initial level on first call date and rises 2% a year
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| Initial level: | 232.26
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| Pricing date: | June 7
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| Settlement date: | June 10
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61774DNM5
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