By Susanna Moon
Chicago, Jan. 2 – Morgan Stanley Finance LLC priced $875,000 of 0% jump notes with autocallable feature due June 26, 2025 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The notes will be called at par plus an annual call premium of 6.5% if the index closes at or above the redemption threshold on any annual determination date other than the final determination date. The call level will be 102.5% of the initial level on the first determination date, stepping up by 2.5% each subsequent year.
The payout at maturity will be par plus any index gain.
If the index falls, the payout will be 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: | $875,000
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| Maturity: | June 26, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, floor of par
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| Call: | At par plus 6.5% per year if the index closes at or above the redemption threshold on any annual determination date; call threshold is 102.5% on Dec. 21, 2018, stepping up by 2.5% each subsequent year to final level of 117.5% for seventh determination date
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| Initial level: | 223.33
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61768CVH7
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