New York, May 31 – Morgan Stanley Finance LLC priced $1.3 million of jump securities with autocallable feature due May 28, 2027 linked to the Dow Jones industrial average and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 12% per year if the level of each underlying index is greater than or equal to its initial level starting May 26, 2023 on any quarterly call determination date.
At maturity, the payout will be par plus 60% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger level.
The notes are 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 securities with autocallable feature
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Underlying indexes: | Dow Jones industrial average and Euro Stoxx 50 index
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Amount: | $1.3 million
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Maturity: | May 28, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 60% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of worst performing index
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Call: | Automatically at a price to give a return of 12% per year if the level of each underlying index is greater than or equal to its initial level starting May 26, 2023 on any quarterly call determination date
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Initial levels: | 32,120.28 for Dow Jones industrial average, 3,677.10 for Euro Stoxx 50
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Downside thresholds: | 22,484.196 for Dow Jones industrial average, 2,573.97 for Euro Stoxx 50, 70% of initial level
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Pricing date: | May 25
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Settlement date: | May 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.35%
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Cusip: | 61774DDJ3
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