New York, Jan. 9 – Morgan Stanley Finance LLC priced $5.06 million of fixed income buffered autocallable securities due June 11, 2025 linked to the Nasdaq-100 index and Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.75%, paid semiannually.
If the worst performing index gains or declines by no more than the 25% buffer the payout at maturity will be par. Investors will receive par less 133.33% of the decline beyond the buffer if the worst performing index finishes below the buffer.
The securities will be called automatically starting June 11, 2024 at par if the level of each underlying index is greater than or equal to its initial level on any semiannual determination date.
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: | Fixed income buffered autocallable securities
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| Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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| Amount: | $5,056,000
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| Maturity: | June 11, 2025
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| Coupon: | 7.75%, paid semiannually
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its 25% buffer, par; par less 133.33% of loss beyond buffer if worst performing index declines below its buffer level
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| Initial levels: | 15,788.05 for Nasdaq-100, 1,852.050 for Russell 2000
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| Buffer: | 25%
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| Downside leverage: | 133.33%
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| Call: | Automatically starting June 11, 2024 at par if the level of each underlying index is greater than or equal to its initial level on any semiannual determination date
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.15%
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| Cusip: | 61775MU95
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