By Kiku Steinfeld
Chicago, Jan. 19 – Morgan Stanley Finance LLC priced $2.5 million of 0% autocallable worst-of notes due Jan. 10, 2024 linked to the worst performing of the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Notes and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be redeemed at par plus an annual call premium of 11.05% if each index closes at or above its initial index level on quarterly call observation date after one year.
If each index finishes at or above its initial level, the payout at maturity will be par plus 33.15%.
Investors will receive par if the worst performing index falls by up to 25% and will be fully exposed to losses of the worst performer if it falls beyond 25%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable worst-of notes
|
| Underlying index: | Russell 2000, Nasdaq-100
|
| Amount: | $2.5 million
|
| Maturity: | Jan. 10, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial level, par plus 33.15%; par if worst performing index falls by up to 25%; full exposure to losses if worst performer falls beyond 25%
|
| Call: | Automatically at par plus call premium of 11.05% per year if each index closes at or above its initial index level on quarterly call observation date after one year
|
| Initial level: | 2,091.659 for Russell 2000, 13,105.20 for Nasdaq-100
|
| Threshold level: | 1,568.74425 for Russell 2000, 9,828.90 for Nasdaq-100; 75% of initial levels
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61771ED39
|
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