New York, Jan. 25 – Morgan Stanley Finance LLC priced $1.04 million of jump securities with autocallable feature due Jan. 23, 2026 linked to 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% per year if the index closes at or above its initial level on any annual valuation date.
At maturity, the payout will be par plus 33% if the index finishes at or above its initial level.
The payout will be par if the index declines but finishes at or above its 60% trigger level. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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: | Jump securities with autocallable feature
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Underlying index: | S&P 500 index
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Amount: | $1,036,000
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Maturity: | Jan. 23, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 33% if index finishes at or above its initial level; par if index declines but finishes at or above its 60% trigger level; otherwise, full exposure to decline of index
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Call: | Automatically at a price to give a return of 11% per year if the index closes at or above its initial level on any annual valuation date
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Initial level: | 3,972.61
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Downside thresholds: | 2,383.566, 60% of initial level
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Pricing date: | Jan. 20
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Settlement date: | Jan. 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61774TPS5
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