By Kiku Steinfeld
Chicago, Oct. 6 – Morgan Stanley Finance LLC priced $2.5 million of 0% jump securities with autocallable feature due Oct. 2, 2025 linked to the worst performing of the S&P 500 index and the Nasdaq-100 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 13% per year if each index closes at or above its initial level on any quarterly call valuation date after one year.
If the notes are not called and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 65%.
If either index falls by up to its downside threshold level, 70% of its initial level, the payout will be par.
Otherwise, investors will lose 1% for every 1% the lesser-performing index declines from its initial level.
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 indexes: | S&P 500 index and Nasdaq-100 index
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| Amount: | $2.5 million
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| Maturity: | Oct. 2, 2025
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| Coupon: | 0%
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| Price: | Par
|
| Call: | Automatically called at par plus 13% per year if each index closes at or above its initial level on any quarterly call valuation date after one year
|
| Payout at maturity: | If the notes are not called and the final level of each index is greater than or equal to its initial level, par plus 65%; if either index falls by up to its downside threshold level, par; 1% loss for every 1% the lesser-performing index declines from its initial level
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| Initial levels: | 3,351.60 for S&P, 11,364.45 for Nasdaq
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| Downside thresholds: | 2,346.12 for S&P, 7,955.115 for Nasdaq; 70% of initial levels
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61771EAL2
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