Morgan Stanley plans autocallable jump notes linked to Russell 2000

By Angela McDaniels

Tacoma, Wash., March 5 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due March 13, 2024 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

Beginning March 11, 2020, the notes will be automatically called at par plus a call premium if the index closes at or above its initial level on any quarterly determination date. The call premium is expected to be at least 6.72% per year.

If the notes are not called and the final index level is greater than or equal to the downside threshold level, 65% of the initial index level, the payout at maturity will be par plus at least 33.6%.

If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the index declines from its initial level.

The exact terms will be set at pricing.

Morgan Stanley & Co. LLC is the agent.

The notes are expected to price March 8.

The Cusip number is 61768DZ65.

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