By Kiku Steinfeld
Chicago, Oct. 3 – Morgan Stanley Finance LLC priced $1 million of jump securities with autocallable feature due Feb. 17, 2027 linked to Nasdaq-100 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Feb. 14, 2023 at plus 10.55% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par plus 52.75% if the worst performing underlier finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% trigger level.
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 indexes: | Nasdaq-100 index and Euro Stoxx 50 index
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Amount: | $1 million
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Maturity: | Feb. 17, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 52.75% if worst performing index finishes above its initial level; par if worst performing index declines but finishes above its 70% trigger level; otherwise full exposure to decline of worst performing index
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Call: | Automatically starting Feb. 14, 2023 at par plus 10.55% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
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Initial levels: | 14,253.84 for Nasdaq, 4,155.23 for Euro Stoxx
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Downside thresholds: | 9,977.688 for Nasdaq, 2,908.661 for Euro Stoxx, 70% of initial levels
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Pricing date: | Feb. 11
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Settlement date: | Feb. 16
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.35%
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Cusip: | 61773H7E3
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