Morgan Stanley to price autocallable jump notes on Russell, Dow

By Sarah Lizee

Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Feb. 2, 2022 linked to the worse performing of the Russell 2000 index and the Dow Jones Industrial Average, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be automatically called at par plus an annual premium of at least 9% if each index closes at or above 95% of its initial level any semiannual call date.

The payout at maturity will be par plus at least 27% if each index finishes at or above 95% of its initial level.

If the worse performing index declines beyond 5% but by no more than 35%, the payout will be par.

If the worse performing index finishes below its 65% downside threshold level, investors will be fully exposed to the decline of that index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Jan. 28.

The Cusip number is 61768DWY7.

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