By Susanna Moon
Chicago, Aug. 10 – Morgan Stanley Finance LLC priced $560,000 of 0% jump notes with autocallable feature due Feb. 5, 2026 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annual call premium of 6% if the index closes at or above the redemption threshold on any annual determination date other than the final date. The call level will be 101.5% of the initial level on the first determination date, stepping up by 1.5% each subsequent year.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be par.
The notes will be 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 notes with autocallable feature
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| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $560,000
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| Maturity: | Feb. 5, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, floor of par
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| Call: | At par plus 6% per year if the index closes at or above the redemption threshold on any annual determination date other than final date; call threshold is 101.5% on Aug. 1, 2019, stepping up by 150 bps each subsequent year to final level of 110.5% on the seventh determination date of Aug. 1, 2025
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| Initial level: | 220.17, closing level on Aug. 1
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| Pricing date: | Aug. 2
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| Settlement date: | Aug. 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.5%
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| Cusip: | 61768DBV6
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