By Susanna Moon
Chicago, Dec. 6 – Morgan Stanley Finance LLC priced $500,000 of 0% jump securities with autocallable feature due Nov. 30, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be called if each index closes at or above its initial level on any annual review date after one year.
If each index finishes above its initial level, the payout at maturity will be $1,500 per $1,000 principal amount.
If either index falls by up to its 65% trigger level, the payout will be $1,100 per $1,000 of notes.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
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: | Euro Stoxx 50 and Russell 2000
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| Amount: | $500,000
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index gains, par plus 50%; if index falls by up to 35%, par plus 10%; otherwise, par plus return of worse performing index with 1% loss per 1% decline
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| Call: | At par plus contingent coupon if each index closes at or above initial level on any annual review date beginning Nov. 27, 2018
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| Initial levels: | 3,564.02 for Stoxx and 1,513.309 for Russell
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| Trigger levels: | 2,316.613 for Stoxx and 983.651 for Russell; 65% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CSY4
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