By Wendy Van Sickle
Columbus, Ohio, March 29 – Morgan Stanley Finance LLC priced $500,000 of 0% jump securities with autocallable feature due March 30, 2023 linked to the Russell 2000 index and the Euro Stoxx 50 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 annualized call premium of 10% if each index closes at or above its initial level on any annual determination date after one year.
If each index closes at or above its initial level, the payout at maturity will be $1,500 per $1,000 principal amount.
If the laggard index falls by up to 35%, par plus 10%.
Otherwise, investors will be fully exposed to any losses of the worse performing index.
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 index: | Russell 2000, Euro Stoxx 50
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| Amount: | $500,000
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| Maturity: | March 30, 2023
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| Coupon: | 0%
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| Price: | Par
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| Call: | At par plus 10% annualized if each index closes at or above initial level on any annual determination date
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| Payout at maturity: | If each index gains, par plus 50%; if laggard index falls by up to 35%, par plus 10%; otherwise, 1% loss per 1% decline of worse performing index
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| Initial index levels: | 1,003.416 for Russell and 2,131.168 for Stoxx
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| Downside thresholds: | 1,912.554 for Russell and 2,398.76 for Stoxx, 65% of initial levels
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CH67
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