By William Gullotti
Buffalo, N.Y., April 25 – Morgan Stanley Finance LLC priced $1 million of 0% enhanced buffered jump securities due April 24, 2025 linked to the stock performance of Citigroup Inc. and Amazon.com, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each stock finishes at or above the 60% downside threshold, the payout at maturity will be par plus the fixed upside payment of 25%.
Otherwise, investors will lose 1.6667% for each 1% decline of the worst performer beyond 40%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Enhanced buffered jump securities
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| Underlying stocks: | Citigroup Inc., Amazon.com, Inc.
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| Amount: | $1 million
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| Maturity: | April 24, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each stock finishes at or above 60% downside threshold, par plus 25%; otherwise, 1.6667% loss per 1% decline of worst performer beyond 40%
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| Initial levels: | $50.08 for Citi, $102.30 for Amazon
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| Downside thresholds: | 60% of initial levels
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| Strike date: | April 18
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| Pricing date: | April 20
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| Settlement date: | April 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774XRL9
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