By William Gullotti
Buffalo, N.Y., June 9 – Morgan Stanley Finance LLC priced $500,000 of 0% jump securities with autocallable feature due Feb. 15, 2024 linked to the performance of CrowdStrike Holdings, Inc., 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 18.25% if the stock closes at or above its initial level on any quarterly observation date after six months.
At maturity, if the stock finishes at or above its initial level, the payout will be $1,501.875 per security.
If the stock finishes below its initial level but at or above its 70% downside threshold level, the payout will be par. If the stock finishes below its downside threshold level, investors will be fully exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying stock: | CrowdStrike Holdings, Inc.
|
| Amount: | $500,000
|
| Maturity: | Feb. 15, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus an annual premium of 18.25% if the stock closes at or above initial level on any quarterly observation date after six months
|
| Payout at maturity: | If the stock finishes at or above initial level, $1,501.875 per security; if the stock finishes below its initial level but at or above its downside threshold level, par; if the stock finishes below its downside threshold level, investors will be fully exposed to the decline
|
| Initial level: | $195.10
|
| Downside threshold level: | $136.57; 70% of initial levels
|
| Pricing date: | May 13
|
| Settlement date: | May 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61771VR36
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