Morgan Stanley plans three-year jump autocallables on S&P, Nikkei

By Susanna Moon

Chicago, Oct. 24 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Oct. 29, 2020 linked to the worse performing of the S&P 500 index and the Nikkei 225 index, according to a 424B2 with the Securities and Exchange Commission.

The notes will be called at par plus an annualized call premium of 10% if each index closes above its initial level on any annual determination date after one year.

If each index closes at or above its 90% threshold, the payout at maturity will be $1,300 per $1,000 principal amount.

If either index falls below the 90% threshold by up to its 75% downside threshold, the payout will be par.

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.

The notes will price on Oct. 25 and settle on Oct. 30.

The Cusip number is 61768CSJ7.

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