Morgan Stanley plans autocallable jump securities on Dow, Russell

By Sarah Lizee

Olympia, Wash., Oct. 25 – Morgan Stanley Finance LLC plans to price 0% jump securities with autocallable feature due Oct. 31, 2024 linked to the worst performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be automatically called at par plus 7.25% to 9.25% per year if each index closes at or above its call level on any annual determination date. The call level for each index will be 95% of its initial level.

The payout at maturity will be par plus 36.25% if each index finishes at or above 95% of its initial level. If the worst performing index declines by no 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 underwriter.

The notes will price on Oct. 28.

The Cusip number is 61769HYY5.

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