By Wendy Van Sickle
Columbus, Ohio, April 2 – Morgan Stanley Finance LLC priced $250,000 of 0% jump notes with autocallable feature due April 4, 2024 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus an early redemption premium of 10.25% per year if the index closes at or above the redemption threshold on any determination date other than the final one.
The redemption threshold is 102.5% of the initial index level for the first determination date and steps up by 2.5% each year.
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: | $250,000
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if the index finishes flat or falls
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Call: | Automatically at par plus an early redemption premium of 10.25% per year if the index closes at or above the redemption threshold on any determination date other than the final one; redemption threshold is 102.5% of the initial index level on first determination date and steps up by 2.5% each year
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Initial level: | 221.42
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Pricing date: | March 29
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Settlement date: | April 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.025%
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Cusip: | 61768D2E4
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