By Wendy Van Sickle
Columbus, Ohio, July 28 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due July 28, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 10.5% if each index closes at or above its initial level on July 27, 2021
If the notes are not called and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 200% of the return of the lesser-performing index.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to its threshold level, 70% of its initial level, the payout will be par.
If the final level of either index is less than its threshold level, investors will lose 1% for every 1% that the lesser-performing index declines from its initial 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: | S&P 500 and Russell 2000
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| Amount: | $250,000
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| Maturity: | July 28, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than or equal to its initial level, par plus 200% of lesser performing index return; if final level of either index is less than its initial level but final level of each index is greater than or equal to its threshold level, par; otherwise, 1% loss for every 1% that lesser-performing index declines from initial level
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| Call: | Automatically at par plus 10.5% if each index closes at or above initial level on July 27, 2021
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| Initial levels: | 3,215.63 for S&P and 1,467.555 for Russell 2000
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| Downside thresholds: | 2,250.941 for S&P and 1,027.289 for Russell 2000, or 70% of initial levels
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| Pricing date: | July 24
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| Settlement date: | July 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.35%
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| Cusip: | 61771BVV3
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