By Wendy Van Sickle
Columbus, Ohio, Feb. 11 – Morgan Stanley Finance LLC priced $3.78 million of 0% jump securities with autocallable feature due Feb. 2, 2023 linked to the lesser performing of the Nasdaq-100 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 a 16.5% premium if each index closes at or above its initial level on on Feb. 4, 2022.
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 laggard 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 trigger level, 70% of its initial level, the payout will be par.
If the final level of either index is less than its trigger level, investors will lose 1% for every 1% that the lesser-performing index declines.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | Nasdaq-100 index and the Russell 2000 index
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| Amount: | $3,779,000
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| Maturity: | Feb. 2, 2023
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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 return of laggard index; 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 trigger level, par; otherwise, 1% loss for every 1% that lesser-performing index declines
|
| Call: | Automatically at par plus 16.5% premium if both indexes close above of their initial levels on Feb. 4, 2022
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| Initial levels: | 12,925.38 for Nasdaq and 2,073.641 for Russell
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| trigger levels: | 9,047.766 for Nasdaq and 1,451.549 for Russell, or 70% of initial levels
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| Pricing date: | Jan. 29
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| Settlement date: | Feb. 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
|
| Cusip: | 61771EYR3
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