By William Gullotti
Buffalo, N.Y., July 20 – Morgan Stanley Finance LLC priced $1.93 million of 0% buffered jump securities with autocallable feature due July 18, 2025 linked to the worse performing of the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a 15% annualized call premium if each index closes at or above its initial level on any annual valuation date.
If each index finishes at or above its initial level, the payout at maturity will be par plus 45%.
If either index falls by up to 15%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered jump securities with autocallable feature
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Underlying indexes: | Nasdaq-100 index, Russell 2000 index
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Amount: | $1,926,000
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Maturity: | July 18, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If each index finishes at or above its initial level, par plus 45%; if either index falls by up to 15%, par; 1% loss for every 1% that the lesser-performing index declines beyond 15%
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Call: | Automatically at par plus a 15% annualized call premium if each index closes at or above its initial level on any annual valuation date
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Initial levels: | 11,983.62 for Nasdaq, 1,744.373 for Russell
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Buffer levels: | 10,186.077 for Nasdaq, 1,482.717 for Russell; 85% of initial levels
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Pricing date: | July 15
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Settlement date: | July 20
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61774DYM3
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