Morgan Stanley plans jump autocalls due 2023 tied to index, fund

By Susanna Moon

Chicago, Jan. 23 – Morgan Stanley Finance LLC plans to price 0% jump notes with autocallable feature due Feb. 13, 2023 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.

The notes will be called at par plus an annual call premium of 9.7% if each underlying component closes at or above its initial level on any annual determination date after one year.

If each underlying component finishes at or above its initial level, the payout at maturity will be at least $1,485 per $1,000 principal amount.

If either index falls by up to the 70% downside threshold, the payout will be $1,100 per $1,000 of notes.

Otherwise, investors will be fully exposed to any losses of the worse performing component.

The notes will be guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

The notes will price on Feb. 8 and settle on Feb. 13.

The Cusip number is 61768CYT8.

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