Morgan Stanley to settle upside participation autocallables on Russell

By Emma Trincal

New York, Jan. 27 – Morgan Stanley Finance LLC plans to price 0% autocallable securities with upside participation feature due Jan. 30, 2026 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

The notes will be called at par plus at least 8.55% per annum if the index closes at or above its initial value on an annual observation date other than the final one. The exact call premium will be set at pricing.

If the notes have not been called and the index finishes at or above its initial level, the payout at maturity will be par plus the greater of 25% and the index gain.

If the index finishes negative but greater than or equal to the threshold level, 75% of the initial price, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.

Morgan Stanley & Co. LLC is the agent.

The notes were expected to price on Jan. 27 and will settle on Jan. 29.

The Cusip number is 61771EN38.

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