By Angela McDaniels
Tacoma, Wash., March 5 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due March 13, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Beginning March 11, 2020, the notes will be automatically called at par plus 6.72% per year if the index closes at or above its initial level on any quarterly determination date.
If the notes are not called and the final index level is greater than or equal to the downside threshold level, 65% of the initial index level, the payout at maturity will be par plus 33.6%.
If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying index: | Russell 2000
|
| Amount: | $1 million
|
| Maturity: | March 13, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 33.6% if final index level is greater than or equal to downside threshold level; otherwise, 1% loss for every 1% that index declines from initial level
|
| Call: | Beginning March 11, 2020, notes will be automatically called at par plus 6.72% per year if index closes at or above initial level on any quarterly determination date
|
| Initial level: | 1,521.884
|
| Downside threshold: | 989.225, 65% of initial level
|
| Pricing date: | March 8
|
| Settlement date: | March 13
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None Cusip: | 61768DZ65
|
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