New York, Jan. 10 – Morgan Stanley Finance LLC priced $768,000 of jump securities with autocallable feature due Aug. 27, 2026 linked to the VanEck Vectors Gold Miners ETF and SPDR S&P Biotech ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Aug. 24, 2022 at a price to give a return of 8% per year if the price of each underlying fund is greater than or equal to its initial price on any quarterly call determination date.
At maturity the payout will be par plus 40% if the worst performing fund finishes above its initial level.
Otherwise investors will be fully exposed to the decline of the worst performing fund.
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 ETFs: | VanEck Vectors Gold Miners ETF and SPDR S&P Biotech ETF
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| Amount: | $768,000
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| Maturity: | Aug. 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 40% if the worst performing fund finishes above its initial level; otherwise full exposure to the decline of the worst performing fund
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| Call: | Automatically starting Aug. 24, 2022 at a price to give a return of 8% per year if the price of each underlying fund is greater than or equal to its initial price on any quarterly call determination date
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| Initial level: | $32.12 for VanEck Vectors Gold Miners ETF, $127.74 for SPDR S&P Biotech ETF
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| Pricing date: | Aug. 23, 2021
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| Settlement date: | Aug. 26, 2021
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 61773FSH7
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