By Sarah Lizee
Olympia, Wash., Jan. 11 – Morgan Stanley Finance LLC priced $1.31 million of 0% jump securities with autocallable feature due Jan. 13, 2022 linked to the worse performing of the S&P 500 index and the Dow Jones Industrial Average, 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 an annual premium of 9% if each index closes at or above its initial level on any semiannual call date.
The payout at maturity will be par plus 27% if each index finishes at or above its initial level.
If the worse performing index declines but by no more than 35%, the payout will be par.
If the worse performing index finishes below its 65% downside threshold level, investors will be fully exposed to the decline of that index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
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| Underlying indexes: | S&P 500 index and Dow Jones Industrial Average
|
| Amount: | $1.31 million
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| Maturity: | Jan. 13, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Call: | Automatically at par plus 9% a year if each index closes above initial level on any semiannual call date
|
| Payout at maturity: | If both indexes finish at or above initial level, par plus 27%; if worse performing index falls by up to 35%, par; otherwise, full exposure to loss of worse performing index
|
| Initial levels: | 2,584.96 for S&P 500, 23,879.12 for Dow
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| Downside thresholds: | 1,680.224 for S&P 500, 15,521.428 for Dow; 65% of initial levels
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| Pricing date: | Jan. 9
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| Settlement date: | Jan. 14
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.125%
|
| Cusip: | 61768DYC3
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