By Sarah Lizee
Olympia, Wash., April 23 – Morgan Stanley Finance LLC priced $250,000 of 0% jump securities with autocallable feature due April 20, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus a 9.25% call premium per year if the index closes at or above its initial level on any semiannual call date after one year.
If the notes are not called and the final index level is greater than or equal to its initial level, the payout at maturity will be $1,277.50 per $1,000 of notes.
If any index falls by up to 25%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the least performing index.
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
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| Amount: | $250,000
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| Maturity: | April 20, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial level, $1,277.50 per $1,000 of notes; if any index falls by up to 25%, par; otherwise 1% for each 1% decline of the least performing index
|
| Call: | Automatically at par plus 9.25% per year if index closes at or above initial level on any semiannual call date after one year
|
| Initial level: | 2,874.56
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| Barrier level: | 2,155.92, 75% of initial level
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| Pricing date: | April 17
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| Settlement date: | April 22
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
|
| Cusip: | 61770FYJ9
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