New York, Feb. 15 – Morgan Stanley Finance LLC priced $20 million of jump securities with autocallable feature due Feb. 13, 2032 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Feb. 17, 2023 at par plus 8.25% per year if the index closes at or above its initial level on any annual call determination date.
At maturity the payout will be par plus 82.5% if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index.
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 index: | S&P 500 index
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| Amount: | $20 million
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| Maturity: | Feb. 13, 2032
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 82.5% if the index finishes at or above its initial level; otherwise, full exposure to the decline of the index
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| Call: | Automatically starting Feb. 17, 2023 at par plus 8.25% per year if index closes at or above initial level on any annual call determination date
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| Initial level: | 4,587.18
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| Pricing date: | Feb. 10
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| Settlement date: | Feb. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61773U605
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