By Marisa Wong
Morgantown, W.Va., Feb. 5 – Morgan Stanley Finance LLC priced $500,000 of 0% jump notes with autocallable feature due July 31, 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 automatically called at par plus an early redemption premium of 10.2% per year if the index closes at or above the applicable redemption threshold on any of the first seven annual determination dates. The redemption threshold is 103.5% of the initial index level for the first determination date and steps up by 350 basis points each year to a redemption threshold of 117.5% for the seventh 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.
| 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: | $500,000
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| Maturity: | July 31, 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; if the index finishes flat or falls, par
|
| Call: | Automatically at par plus an early redemption premium of 10.2% per year if the index closes at or above the applicable redemption threshold on any of first seven annual determination dates; redemption threshold is 103.5% of the initial index level for the first determination date and steps up by 350 bps each year to a redemption threshold of 117.5% for the seventh determination date
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| Initial level: | 227.03
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| Pricing date: | Jan. 26
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| Settlement date: | Jan. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
|
| Cusip: | 61768CXW2
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