Morgan Stanley to price autocallable jump securities tied to three indexes

By Sarah Lizee

Olympia, Wash., Feb. 25 – Morgan Stanley Finance LLC plans to price 0% jump securities with an autocallable feature due April 10, 2024 linked to the worst performing of the S&P 500 index, Russell 2000 index and Dow Jones Industrial Average, according to an FWP 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 at least 8.75% if each index closes at or above its redemption threshold level on an annual determination date beginning on April 1, 2020.

The call threshold level is expected to be 92% of the initial level.

The payout at maturity will be at least $1,437.50 per $1,000 of notes if each index finishes at or above at most 92% of its initial level. If the worst performing index declines by at most 92%, but not more than 30%, the payout will be par. If the worst performing index finishes below its 70% downside threshold level, investors will be fully exposed to the decline of that index.

Morgan Stanley & Co. LLC is the agent.

The notes will price on March 22.

The Cusip number is 61768DT62.

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