By Kiku Steinfeld
Chicago, April 13 – Morgan Stanley Finance LLC priced $1.07 million of 0% jump securities with autocallable feature due March 30, 2026 linked to the worst performing of the Nasdaq-100 index and the Euro Stoxx 50 index, 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 9.45% if each index closes at or above its initial level on any quarterly observation date with the first call date starting after one year.
At maturity, if the notes have not been called and each index finishes above its call threshold level, the payout will be par plus 47.25%.
If any index finishes below its initial and no index declines by more than 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 of that index.
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: | Nasdaq-100 index and the Euro Stoxx 50 index
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| Amount: | $1,065,000
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| Maturity: | March 30, 2026
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus an annual premium of 9.45% if each index closes at or above its initial level on any quarterly observation date starting after one year
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| Payout at maturity: | Par plus 47.25% if all indexes finish above their initial levels; if worst performing index finishes below initial level but declines no more than 30%, par; if worst performing index finishes below its downside threshold level, investors will be fully exposed to that index’s decline
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| Initial levels: | 12,780.51 for Nasdaq, 3,832.57 for Stoxx
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| Downside thresholds: | 8,946.357 for Nasdaq, 2,682.799 for Stoxx; 70% of initial levels
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| Pricing date: | March 25
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| Settlement date: | March 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.35%
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| Cusip: | 61771VNE6
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