Morgan Stanley to price jump notes with autocall feature on MAP Trend

By Devika Patel

Knoxville, Tenn., May 25 – Morgan Stanley Finance LLC plans to price 0% jump notes with autocallable feature due June 5, 2023 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.

The notes will be automatically called at par plus an early redemption premium of 9% per year if the index closes at or above the applicable redemption threshold on any of the first four annual determination dates. The redemption threshold is 102.5% of the initial index level for the first determination date and steps up by 250 basis points each year to a redemption threshold of 110% for the fourth determination date.

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.

The notes (Cusip: 61768CX77) will price on May 31 and settle on June 5.

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