Chicago, March 5 – Morgan Stanley Finance LLC priced $1.57 million of 0% jump notes with autocallable feature due Feb. 2, 2027 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
Beginning on Feb. 25, 2022, the notes will be automatically called at par plus an early redemption premium of 7.25% per year if the index closes at or above the redemption threshold on any annual determination date other than the final one.
The redemption threshold is 106% of the initial index level for the first determination date and steps up by 300 basis points each year.
If the notes have not been called, the payout at maturity will be par plus any index gain. If the index finishes flat or falls, the payout will be par.
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 notes with autocallable feature
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| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $1.57 million
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| Maturity: | Feb. 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain; par if the index finishes flat or falls
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| Call: | Beginning on Feb. 25, 2022, automatically at par plus an early redemption premium of 7.25% per year if the index closes at or above the redemption threshold on any annual determination date other than the final one; redemption threshold is 106% of the initial index level for the first determination date and steps up by 300 bps each year
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| Initial level: | 235.81
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| Pricing date: | Feb. 25
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61770FGP5
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