New York, June 13 – Morgan Stanley Finance LLC priced $2.43 million of jump securities with autocallable feature due June 12, 2024 linked to Russell 2000 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 14.65% per year if the index closes at or above its initial level on any quarterly call determination date starting Sept. 1.
At maturity, the payout will be par plus 14.65% if the index finishes at or above its initial level.
Otherwise, investors will be fully exposed to the decline of the index.
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: | Russell 2000 index
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| Amount: | $2,426,000
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| Maturity: | June 12, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 14.65% if the index finishes at or above its initial level; otherwise, full exposure to the decline of the index
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| Call: | Automatically at a price to give a return of 14.65% per year if the index closes at or above its initial level on any quarterly call determination date starting Sept. 1
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| Initial level: | 1,767.940
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| Strike date: | June 1
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| Pricing date: | June 2
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| Settlement date: | June 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.4%
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| Cusip: | 61774X5M1
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