By Wendy Van Sickle
Columbus, Ohio, June 17 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due June 16, 2025 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 7.75% per year if each index closes at or above its call level on any annual determination date. The call level will be 95% of the initial level.
If the notes are not called and the final level of each index is greater than or equal to its call level, the payout at maturity will be par plus 38.75%.
If the final level of either index is less than its call level but the final level of each index is greater than or equal to its downside threshold level, 70% of its initial level, the payout will be par.
If the final level of either index is less than its downside threshold level, investors will lose 1% for every 1% that the lesser-performing index declines 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 indexes: | Dow Jones industrial average and Russell 2000
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| Amount: | $250,000
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| Maturity: | June 16, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to its call level, par plus 38.75%; if final level of either index is less than its call level but final level of each index is greater than or equal to its downside threshold level, par; otherwise, 1% loss for every 1% that lesser-performing index declines
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| Call: | Automatically at par plus 7.75% per year if each index closes at or above call level on any annual determination date
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| Call levels: | 1,288.413 for Russell 2000 and 23,871.762 for Dow, 95% of the initial levels
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| Initial levels: | 1,356.224 for Russell 2000 and 25,128.17 for Dow
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| Downside thresholds: | 949.357 for Russell 2000 and 17,589.719 for Dow, or 70% of initial levels
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61771BHJ6
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