By Wendy Van Sickle
Columbus, Ohio, Oct. 27 – Morgan Stanley Finance LLC priced $5.64 million of 0% jump securities with autocallable feature due Oct. 24, 2025 linked to the Russell 2000 index and the Euro Stoxx 50 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 annualized call premium of 10% if each index closes at or above its initial level on any quarterly determination date.
If each index finishes at or above its downside threshold level, 70% of its initial level, the payout at maturity will be $1,500 per $1,000 principal amount.
If the laggard index falls by up to 30%, investors will receive par.
Otherwise, investors will be fully exposed to the losses of the worse performing index.
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 securities with autocallable feature
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| Underlying index: | Russell 2000, Euro Stoxx 50
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| Amount: | $5,643,000
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| Maturity: | Oct. 24, 2025
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| Coupon: | 0%
|
| Price: | Par
|
| Call: | At par plus 10% annualized if each index closes at or above its call level on any quarterly determination date
|
| Payout at maturity: | If each index finishes at or above downside threshold level, par plus 50%; if laggard index falls by up to 30%, par; otherwise, 1% loss per 1% decline of worse performing index
|
| Initial index levels: | 1,603.776 for Russell and 3,180.7 for Stoxx
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| Downside thresholds: | 1,122.643 for Russell and 2,226.49 for Stoxx, 70% of initial levels
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| Pricing date: | Oct. 21
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| Settlement date: | Oct. 26
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.85%
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| Cusip: | 61771EDQ8
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