By Wendy Van Sickle
Columbus, Ohio, March 28 – Morgan Stanley Finance LLC priced $1 million of 0% jump notes with autocallable feature due March 31, 2026 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 6% 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 101.5% of the initial index level for the first determination date and steps up by 1.5% 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: | $1 million
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| Maturity: | March 31, 2026
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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 6% per year if the index closes at or above the redemption threshold on any determination date other than the final one; redemption threshold is 101.5% of the initial index level on first determination date and steps up by 1.5% each year
|
| Initial level: | 220.38
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| Pricing date: | March 26
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| Settlement date: | March 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.3%
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| Cusip: | 61768DU94
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