By Wendy Van Sickle
Columbus, Ohio, May 30 – Morgan Stanley Finance LLC priced $500,000 of 0% jump notes with autocallable feature due May 30, 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 7.75% if the index closes at or above the redemption threshold on any annual 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: | $500,000
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| Maturity: | May 30, 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 7.75% per year if the index closes at or above the redemption threshold on any annual determination date; call threshold is 102.5% on May 24, 2019, stepping up by 2.5% each subsequent year to final level of 115% for seventh determination date
|
| Initial level: | 218.24
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| Pricing date: | May 24
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| Settlement date: | May 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
|
| Cusip: | 61768CX69
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