Morgan Stanley plans autocallable jump notes on S&P 500 Daily Risk

By Sarah Lizee

Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC plans to price 0% jump notes with autocallable feature due July 31, 2026 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be automatically called at par plus an early redemption premium of 6% per year if the index closes at or above the applicable redemption threshold on any of the first seven annual determination dates. The redemption threshold is 103% of the initial index level for the first determination date and steps up by 300 basis points each year to a redemption threshold of 121% of the initial level for the seventh determination date.

If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 28.

The Cusip number is 61768DXG5.

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