New York, June 10 – Morgan Stanley Finance LLC priced $1 million of 0% jump securities with autocallable feature due June 2, 2027 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 6.5% if the index closes at or above its initial level on May 31, 2023.
If the final index level is greater than or equal to the initial index value, the payout at maturity will be par plus 200% of the index return. If the index declines by 40% or less, the payout will be par. Otherwise, investors will lose 1.6667% for every 1% that the index declines beyond 40%.
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 index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | June 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index value, par plus 200% of index return; if index declines by 40% or less, par; otherwise, 1.6667% loss for every 1% that index declines beyond 40%
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| Call: | Automatically at par plus 6.5% if index closes at or above initial level on May 31, 2023
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| Initial level: | 3,941.48
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| Pricing date: | May 27
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| Settlement date: | June 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774DJS7
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