New York, Dec. 4 – Morgan Stanley Finance LLC priced $697,000 of jump securities with autocallable feature due March 30, 2023 linked to Russell 2000 index and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Sept. 27 if the level of each underlying index is greater than or equal to its initial price on any quarterly determination date. The payment for an early redemption will be par plus a 12.5% annualized rate.
At maturity the payout will be par plus 25% if the worst performing index finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger 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: | Russell 2000 index and Nasdaq-100 index
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| Amount: | $697,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 25% if the worst performing index finishes above its initial level; par if the worst performing index declines but closes above its downside threshold level; otherwise full exposure to the decline of the worst performing index
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| Call: | Automatically starting Sept. 27 if the level of each underlying index is greater than or equal to its initial price on any quarterly determination date; payable with early redemption payment of par plus 12.5% annualized rate
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| Initial level: | 12,979.12 for Nasdaq-100 index, 2,221.482 for Russell 2000 index
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| Downside threshold: | 9,085.384 for Nasdaq-100 index, 1,555.037 for Russell 2000 index, 70% of initial level
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| Pricing date: | March 26
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 61771VEC0
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