Morgan Stanley plans to price autocallable jump securities on Nasdaq, energy ETF

By Emma Trincal

New York, Aug. 9 – Morgan Stanley Finance LLC plans to price jump securities with autocallable feature due Aug. 23, 2027 linked to the worst performing of the Nasdaq-100 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to an FWP filing with the Securities and Exchange Commission.

The securities will be called automatically starting Aug. 21, 2024 at par plus an annualized call premium of at least 18.55% if each underlier closes at or above the call threshold, 90% of its initial level, on any quarterly determination date. The exact call premium will be set at pricing.

At maturity the payout will be par plus at least 74.2% if the worst performing underlier finishes at or above its 90% call threshold.

If the worst performing underlier finishes below the 90% call threshold but at or above its 60% downside threshold level, the payout will be par. Otherwise, investors will be fully exposed to the decline of the worst performing underlier.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Aug. 18 and settle on Aug. 23.

The Cusip number is 61775HVL8.

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