Chicago, April 7 – Morgan Stanley Finance LLC priced $4.32 million of 0% jump securities with autocallable feature due Sept. 23, 2021 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a 22% call premium per year if the index closes at or above 95% of its initial level on the first semiannual determination date or above 90% of its initial level on the second determination date.
If the notes are not called and the final index level is greater than or equal to 80% of its initial level, the payout at maturity will be $1,330 per $1,000 of notes.
Otherwise, investors will lose 1.25% for each 1% decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Jump securities with autocallable feature
|
| Underlying index: | S&P 500
|
| Amount: | $4,315,000
|
| Maturity: | Sept. 23, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to 80% of initial level, $1,330 per $1,000 of notes; otherwise, 1.25% loss for each 1% decline beyond 20% buffer
|
| Call: | Automatically at par plus 22% per year if index closes at or above 95% of its initial level on the first semiannual determination date or above 90% of its initial level on the second determination date
|
| Initial level: | 2,409.39
|
| Buffer level: | 1,927.512, 80% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.05%
|
| Cusip: | 61770FVV5
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