By Kiku Steinfeld
Chicago, Dec. 1 – Morgan Stanley Finance LLC priced $338,000 of 0% jump notes with autocallable feature due March 31, 2027 linked to the performance of the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized call premium of 7.5% if the index closes at or above its call level on any annual observation date. The call level starts at 102.5% of initial level and increases by 2.5% per year.
At maturity, if the index finishes above its initial level, the payout will be par plus the index return.
Otherwise, investors will receive par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump notes with autocallable feature
|
| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $338,000
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| Maturity: | March 31, 2027
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes positive, par plus return; otherwise, par
|
| Call: | At par plus an annualized call premium of 7.5% if the index closes at or above call level on any annual observation date; call level starts at 102.5% of initial level and increases by 2.5% per year
|
| Initial level: | 239.96
|
| Pricing date: | March 25
|
| Settlement date: | March 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 61773QST7
|
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