New York, Nov. 29 – Morgan Stanley Finance LLC priced $1.70 million of jump securities with autocallable feature due Nov. 23, 2027 linked to the Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 18.65% per year if the level of each underlying index is greater than or equal to its initial level and on any subsequent determination date.
The payout at maturity will be par plus 100% of the return of the worst performing index if the return of that index is positive.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger level.
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 indexes: | Russell 2000 index and S&P 500 index
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Amount: | $1,701,000
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Maturity: | Nov. 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus 100% of that index's return; par if worst performing index declines but ends above downside threshold; full exposure to loss if worst performing index ends below downside threshold
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Upside leverage: | 100%
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Call: | Automatically at a price to give a return of 18.65% per year if the level of each underlying index is greater than or equal to its initial level and on any subsequent determination date
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Initial levels: | 1,849.732 for Russell 2000, 3,965.34 for S&P 500
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Downside thresholds: | 1,294.812 for Russell 2000, 2,775.738 for S&P 500, 70% of initial level
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Pricing date: | Nov. 18
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Settlement date: | Nov. 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.625%
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Cusip: | 61774HR59
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