New York, Sept. 21 – Morgan Stanley Finance LLC priced $26.68 million of 0% buffered jump securities with autocallable feature due Sept. 20, 2027 linked to the 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 11.25% per year if the index closes at or above its initial level on Sept. 21, 2023.
If the index finishes above its initial level, the payout at maturity will be par plus 200% of the index return. Investors will receive par if the index finishes below its initial level but declines by 20% or less and will lose 1% for every 1% that the index declines beyond the buffer.
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: | Buffered jump securities with autocallable feature
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| Underlying index: | S&P 500 index
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| Amount: | $26,675,000
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| Maturity: | Sept. 20, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus 200% of index return; par if index declines but by no more than 20% buffer; 1% loss for every 1% that index declines beyond the buffer
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| Call: | Automatically at a price to give a return of 11.25% if index closes at or above initial level on Sept. 21, 2023
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| Initial level: | 3,932.69
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| Buffer level: | 3,146.152, 80% of initial level
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| Pricing date: | Sept. 15
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| Settlement date: | Sept. 20
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.1%
|
| Cusip: | 61774HDF2
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