By Wendy Van Sickle
Columbus, Ohio, Aug. 13 – Morgan Stanley Finance LLC priced $3.75 million of 0% jump securities with autocallable feature due Aug. 13, 2024 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus a quarterly call premium of 13.24% if each index closes at or above its initial level on any quarterly determination date after one year.
If each index closes at or above its initial level, the payout at maturity will be $1,662 per $10.00 principal amount.
If any index falls by up to its 65% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses 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: | Russell 2000, Euro Stoxx 50
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| Amount: | $3.75 million
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| Maturity: | Aug. 13, 2024
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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 66.2%; if either index falls by up to 15%, par; otherwise, 1% loss per 1% decline of worse performing index
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| Call: | At par plus 13.24% annualized if each index closes at or above initial level on any quarterly determination date after one year
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| Initial levels: | 3,333.74 for Stoxx, 1,513.043 for Russell
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| Trigger levels: | 2,166.931 for Stoxx, 983.478 for Russell, 65% of initial levels
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| Pricing date: | Aug. 9
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| Settlement date: | Aug. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.85%
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| Cusip: | 61769HPY5
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