By Angela McDaniels
Tacoma, Wash., Sept. 30 – Morgan Stanley Finance LLC priced $2.86 million of 0% jump securities with autocallable feature due Sept. 29, 2022 linked to the least performing of the Nasdaq-100 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 11.75% per year if each index closes at or above its initial level on any semiannual determination date.
If the notes are not called and the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus 35.25%.
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 least-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: | Nasdaq-100, Dow Jones industrial average and Russell 2000
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| Amount: | $2.86 million
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| Maturity: | Sept. 29, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If notes are not called and final level of each index is greater than or equal to initial level, par plus 35.25%; if final level of any index is less than initial level but final level of each index is greater than or equal to downside threshold level, par; if final level of any index is less than downside threshold level, 1% loss for every 1% that lesser-performing index declines from initial level
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| Call: | Automatically at par plus 11.75% per year if each index closes at or above initial level on any semiannual determination date
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| Initial levels: | 7,803.542 for Nasdaq-100, 1,550.654 for Russell 2000 and 26,970.71 for Dow
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| Downside thresholds: | 5,462.479 for Nasdaq-100, 1,085.458 for Russell 2000 and 18,879.497 for Dow, or 70% of initial levels
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.85%
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| Cusip: | 61769HTG0
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