By Angela McDaniels
Tacoma, Wash., June 25 – Morgan Stanley Finance LLC priced $2.37 million 0% jump securities with autocallable feature due June 30, 2025 linked to the worst performing of the S&P 500 index, the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus a call premium of 13% per year if each index closes at or above its initial level on any annual determination date.
If the notes have not previously been redeemed and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 78%.
If the final level of any index is less than its initial level but the final level of each index is greater than or equal to its downside threshold level, 70% of its initial level, the payout will be par.
If the final level of any index is less than its downside threshold level, investors will lose 1% for every 1% that the worst-performing index declines from its initial level.
The notes are guaranteed by Morgan Stanley.
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 indexes: | S&P 500, Dow Jones industrial average and Russell 2000
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| Amount: | $2,365,000
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| Maturity: | June 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of each index is greater than initial level, par plus 78%; if final level of any index is less than initial level but final level of each index is greater than or equal to its downside threshold level, par; if final level of any index is less than downside threshold level, 1% loss for every 1% that worst-performing index declines from its initial level
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| Initial levels: | 2,950.46 for S&P 500, 26,719.13 for Dow and 1,549.628 for Russell 2000
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| Downside thresholds: | 2,065.322 for S&P 500, 18,703.391 for Dow and 1,084.740 for Russell 2000, or 70% of initial levels
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| Pricing date: | June 21
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| Settlement date: | June 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61769HGQ2
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