Morgan Stanley plans jump securities with autocallable feature on indexes

By Emma Trincal

New York, July 8 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Aug. 2, 2024, linked to the worst performing of the Dow Jones industrial average, the Nasdaq-100 index and the Russell 2000 index, according to an FWP 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% to 12% if each index closes at or above its initial level on any quarterly observation date after six months. The exact premium will be set at pricing.

At maturity, if all indexes finish above their initial levels, the payout will be $1,300 to $1,360 per $1,000 principal amount of notes.

If the worst performing index finishes below its initial level but at or above its 70% downside threshold level, the payout will be par. If the worst performing index finishes below its downside threshold level, investors will be fully exposed to the decline of that index from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes will price on July 30 and settle on Aug. 4.

The Cusip number is 61773FFJ7.

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