New York, June 27 – Morgan Stanley Finance LLC priced $2 million of 0% jump securities with autocallable feature due June 9, 2028 linked to Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 8% if the index closes at or above its initial level on June 7, 2024.
The payout at maturity will be par plus 285% of the index return if the index return is positive. If the index’s return is negative, investors will be exposed to its decline.
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 million
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| Maturity: | June 9, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 285% of index return; if index’s return is negative, exposure to its decline
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| Upside leverage: | 285%
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| Call: | Automatically at par plus 8% if index closes at or above initial level on June 7, 2024
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| Initial level: | 1,855.401
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| Pricing date: | June 6
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| Settlement date: | June 9
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774X3Z4
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