Morgan Stanley eyes jump securities with autocallable feature on indexes

By Sarah Lizee

Olympia, Wash., Aug. 25 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Aug. 29, 2025 linked to the worst performing of the Russell 2000 index, the Nasdaq-100 index and the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be called at par plus an annual premium of 10.5% to 12.5% if each index closes at or above 105% of its initial level on any annual observation date.

The payout at maturity will be par plus 52.5% to 62.5% if each index finishes at or above its initial level. If the worst performing index declines by up to 30%, the payout will be par. If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 26.

The Cusip number is 61771BXK5.

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