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Morgan Stanley plans jump autocallables linked to S&P 500
By Wendy Van Sickle
Columbus, Ohio, May 15 – Morgan Stanley Finance LLC plans to price 0% jump notes with autocallable feature due May 26, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be automatically called at par plus 12.5% per year if the index closes at or above its initial level on any semiannual determination date after one year.
If the notes are not called and the final index level is greater than the downside threshold, 90% of the initial index level, the payout at maturity will be par. If the final index level is less than the downside threshold, investors will be exposed to the decline.
Morgan Stanley & Co. LLC is the agent.
The notes are expected to price on May 21.
The Cusip number is 61771BFE9.
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