New York, Sept. 27 – Morgan Stanley Finance LLC priced $3.09 million of jump securities with autocallable feature due Sept. 26, 2028 linked to the stock performance of Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp., 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 21.65% per year if the closing price of each underlying stock is greater than or equal to its initial price on any annual determination date.
At maturity, the payout will be par plus 108.25% if the worst performing stock finishes at or above its initial level.
The payout will be par if the worst performing stock declines but finishes at or above its 50% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing stock from 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 stocks: | Apple Inc., Amazon.com, Inc., Alphabet Inc. and Microsoft Corp.
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| Amount: | $3.09 million
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| Maturity: | Sept. 26, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 108.25% if worst performing stock finishes at or above its initial level; par if worst performing stock declines but finishes at or above its 50% trigger level; otherwise, full exposure to decline of worst performing stock
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| Call: | Automatically at a price to give a return of 21.65% per year if the closing price of each underlying stock is greater than or equal to its initial price on any annual determination date
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| Initial levels: | $173.93 for Apple, $129.33 for Amazon.com, $131.36 for Alphabet, $319.53 for Microsoft
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| Downside thresholds: | $86.965 for Apple, $64.665 for Amazon.com, $65.68 for Alphabet, $159.765 for Microsoft, 50% of initial levels
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| Pricing date: | Sept. 21
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| Settlement date: | Sept. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61775H6A0
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