By Sarah Lizee
Olympia, Wash., July 26 – Morgan Stanley Finance LLC priced $1.34 million of buffered autocallable securities with upside participation feature at maturity due July 28, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index closes at or above the initial index level on any of the five annual determination dates, the notes will be redeemed at par plus a premium of 6% per year.
If the notes are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the index return and 36%.
Investors will receive par if the index falls by up to 10% and will lose 1% for each 1% decline beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered autocallable securities with upside participation feature at maturity
|
| Underlying index: | S&P 500
|
| Amount: | $1,335,000
|
| Maturity: | July 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above initial level, par plus the greater of the index return and 36%; par if the index falls by up to 10%; 1% loss for each 1% decline beyond the buffer
|
| Call: | If the index closes at or above the initial index level on any of the five annual determination dates, notes will be redeemed at par plus a premium of 6% per year
|
| Initial level: | 3,005.47
|
| Buffer level: | 2,704.923, 90% of initial level
|
| Pricing date: | July 24
|
| Settlement date: | July 29
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 2.6%
|
| Cusip: | 61769HMF9
|
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