By Taylor Fox
New York, Dec. 30 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered jump securities with autocallable feature due Dec. 24, 2026 linked to the worse performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a premium if each index closes at or above its call level on an annual call date. The premium is 6% per year. The call level for each index will be 102% of its initial level on the first call date and step up by 2% on each call date after that.
If each index finishes at or above its initial level, the payout at maturity will be par plus the return of the least performing index.
If either index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing underlying index declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities with autocallable feature
|
| Underlying indexes: | Nasdaq-100 index, Russell 2000
|
| Amount: | $250,000
|
| Maturity: | Dec. 24, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above its initial level, par plus return of lesser performing index; if either index falls by up to buffer, par; 1% loss for every 1% that the lesser-performing underlying index declines beyond buffer
|
| Call: | Automatically at par plus an annual 6% premium if each index closes at or above its call level on the annual call date; call level for each index will be 102% of its initial level on the first call date and step up by 2% on each call date after that
|
| Initial levels: | 12,690.26 for Nasdaq, 1,970.329 for Russell
|
| Buffer levels: | 10,152.208 for Nasdaq, 1,576.263 for Russell, 80% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.75%
|
| Cusip: | 61771EQP6
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