New Issue: Morgan Stanley sells $293,000 autocallable jump notes on S&P 500

By Kiku Steinfeld

Chicago, Feb. 21 – Morgan Stanley Finance LLC priced $293,000 of 0% jump securities with autocallable feature due Nov. 14, 2025 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The notes will be automatically called at par plus an early redemption premium of 15% if the index closes at or above its initial level on Nov. 12, 2024.

If the notes have not been called and the index finishes at or above its initial level, the payout at maturity will be par plus the index return. If the index falls, the payout will be par.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Jump securities with autocallable feature
Underlying index:	S&P 500
Amount:	$293,000
Maturity:	Nov. 14, 2025
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes at or above its initial level, par plus the index return; if the index falls, par
Call:	Automatically at par plus an early redemption premium of 15% if the index closes at or above its initial level on Nov. 12, 2024
Initial index level:	3,956.37
Pricing date:	Nov. 10, 2022
Settlement date:	Nov. 16, 2022
Agent:	Morgan Stanley & Co. LLC
Fees:	2%
Cusip:	61774HZZ4

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