By Sarah Lizee
Olympia, Wash., March 13 – Morgan Stanley Finance LLC priced $1 million of 0% jump securities with autocallable feature due March 7, 2024 tied to the worst performing of the Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be called at par plus an annual premium of 13% if each index closes at or above the its call level on any annual review date after one year. The call level for each index will be 100% of the initial level.
The payout at maturity will be par plus 52% if each index finishes at or above its call level.
If either index falls by up to 40%, the payout will be par.
Otherwise, investors will be fully exposed to the decline of the least performing index.
Morgan Stanley & Co. LLC is the underwriter.
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: | Nasdaq-100 index, Dow Jones industrial average and Russell 2000 index
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Amount: | $1 million
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Maturity: | March 7, 2024
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Coupon: | 0%
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Price: | Par
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Call: | At par plus an annual premium of 13% if each index closes at or above the its call level on any annual review date after one year; call level for each index will be 100% of the initial level
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Payout at maturity: | Par plus 52% if each index finishes at or above its call level; if either index falls by up to downside threshold, par; otherwise, investors will be fully exposed to the decline of the least performing index
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Initial levels: | 1,486.083 for Russell, 25,917.41 for Dow, 8,594.491 for Nasdaq
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Downside thresholds: | 891.65 for Russell, 15,550.446 for Dow, 5,156.695 for Nasdaq; 60% of initial levels
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Pricing date: | March 3
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Settlement date: | March 6
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.65%
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Cusip: | 61770FQP4
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