By Wendy Van Sickle
Columbus, Ohio, April 19 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due Oct. 5, 2022 linked to the VanEck Vectors Gold Miners ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be automatically called at par plus 13% if the ETF closes at or above its initial level on April 1, 2022.
If the notes are not called and the final level of the ETF is greater than or equal to its initial level, the payout at maturity will be par plus the gain.
If the ETF falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the ETF declines from its initial 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 ETF: | VanEck Vectors Gold Miners
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| Amount: | $250,000
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| Maturity: | Oct. 5, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final level of the ETF is greater than or equal to its initial level, par plus gain; if ETF falls by up to 30%, par; otherwise, 1% loss for every 1% that ETF declines from initial level
|
| Call: | Automatically at par plus 13% if the ETF closes at or above initial level on April 1, 2022
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| Initial level: | $31.83
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| Downside threshold: | $22.281, 70% of initial level
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| Pricing date: | March 30
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| Settlement date: | April 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.875%
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| Cusip: | 61771VME7
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