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Published on 7/11/2022 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.75 million autocallable jump securities on Dow, Russell

New York, July 11 – Morgan Stanley Finance LLC priced $1.75 million of jump securities with autocallable feature due July 1, 2027 linked to the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The securities will be called automatically at a price to give a return of 12.35% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting June 29, 2023.

At maturity, the payout will be par plus 61.75% if the worst performing underlier finishes at or above its initial level.

The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the worst performing index from its initial level.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Jump securities with autocallable feature
Underlying indexes:Dow Jones industrial average and Russell 2000 index
Amount:$1.75 million
Maturity:July 1, 2027
Coupon:0%
Price:Par
Payout at maturity:Par plus 61.75% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of worst performing index from initial level
Call:Automatically at a price to give a return of 12.35% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting June 29, 2023
Initial levels:30,946.99 for Dow Jones industrial average, 1,738.841 for Russell 2000
Downside thresholds:21,662.893 for Dow Jones industrial average, 1,217.189 for Russell 2000, 70% of initial level
Pricing date:June 28
Settlement date:June 30
Agent:Morgan Stanley & Co. LLC
Fees:3.35%
Cusip:61774DRX7

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