By Taylor Fox
New York, March 17 – Morgan Stanley Finance LLC priced $782,000 of 0% jump securities with autocallable feature due March 9, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annual premium of 10% if the index closes at or above its initial level on a quarterly observation date after six months.
At maturity, if the notes have not been called and the index finishes above their initial levels, the payout will be par plus 20%.
If the index declines by up to 20%, the payout will be par. If the index finishes below its 80% downside threshold level, investors will lose 1.25% for each 1% decline beyond the 20% buffer.
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 index: | Russell 2000 index
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| Amount: | $782,000
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| Maturity: | March 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus an annual premium of 10% if the index closes at or above its initial level on a quarterly observation date after six months
|
| Payout at maturity: | Par plus 20% if the index finishes above initial level; if the index declines by up to 20%, par; if the index finishes below its downside threshold level, investors lose 1.25% for each 1% decline beyond the 20% buffer
|
| Initial level: | 2,192.212
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| Downside threshold level: | 1,753.77; 80% of initial levels
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| Pricing date: | March 5
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| Settlement date: | March 10
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
|
| Cusip: | 61771VHM5
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