Morgan Stanley to price buffered jump notes linked to S&P 500, Russell

By Angela McDaniels

Tacoma, Wash., Dec. 20 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due Jan. 2, 2025 linked to the lesser performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the final level of each index is greater than or equal to its initial level, the payout at maturity will be par plus the greater of the upside payment, which is expected to be 34% to 39% and will be set at pricing, and the return of the lesser-performing index.

If the final level of either underlying index is less than its initial level but the final level of each index is greater than or equal to 70% of its initial level, the payout will be par.

If the final level of either index is less than 70% of its initial level, the payout will be par minus 1.4286% for every 1% that the lesser-performing underlying index declines beyond 30%.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price Dec. 27.

The Cusip number is 61769H2W4.

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