New York, Dec. 23 – Morgan Stanley Finance LLC priced $1.67 million of jump securities with autocallable feature due Dec. 23, 2027 linked to S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 12.5% per year on any semiannual determination date after one year.
At maturity the payout will be par plus 62.5% if the worst performing underlier finishes above its initial level.
The payout will be par if the index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the index if it finishes below its 70% trigger 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 index: | S&P 500 index
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Amount: | $1.67 million
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Maturity: | Dec. 23, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 62.5% if index finishes above its initial level; par if index declines but finishes above its 70% trigger level; otherwise full exposure to decline of index
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Call: | Automatically at a price to give a return of 12.5% per year on any semiannual determination date after one year
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Initial level: | 3,817.66
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Downside thresholds: | 2,672.362, 70% of initial level
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Pricing date: | Dec. 19
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Settlement date: | Dec. 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61774TBP6
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