New York, Sept. 8 – Morgan Stanley Finance LLC priced $1 million of jump securities with autocallable feature due Sept. 7, 2027 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 22.5% per year if the level of each underlying index is greater than or equal to its initial level on any annual call determination date.
The payout at maturity will be par plus 115% of the return of the worst performing index if the return of that index is positive.
Investors will be fully exposed to the decline of the worst performing index if it finishes below its initial level.
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 indexes: | S&P 500 index and Nasdaq-100 index
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| Amount: | $1 million
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| Maturity: | Sept. 7, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of worst performing index is positive, par plus 115% of that index's return; full exposure to loss if worst performing index ends below initial level
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| Upside leverage: | 15%
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| Call: | Automatically at a price to give a return of 22.5% per year if the level of each underlying index is greater than or equal to its initial level on any annual call determination date
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| Initial levels: | 12,274.63 for Nasdaq-100, 3,966.85 for S&P 500
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| Pricing date: | Sept. 2
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| Settlement date: | Sept. 8
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61774HAK4
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