Chicago, Aug. 21 – Morgan Stanley Finance LLC priced $250,000 of 0% jump notes with autocallable feature due Aug. 3, 2027 linked to the performance of the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annualized call premium of 12.5% if the index closes at or above its call level on any annual observation date. The call level starts at 102.5% of the initial level and increases by 2.5% per year.
At maturity, the payout will be par plus any index gain.
Otherwise, investors will receive par.
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 notes with autocallable feature
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| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $250,000
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| Maturity: | Aug. 3, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain with a floor of par
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| Call: | At par plus an annualized call premium of 12.5% if the index closes at or above call level on any annual observation date; call level starts at 102.5% of initial level and increases by 2.5% per year
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| Initial level: | 231.87
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| Pricing date: | July 29, 2022
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| Settlement date: | Aug. 3, 2022
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61774DB48
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