New York, Sept. 14 – Morgan Stanley Finance LLC priced $2.12 million of jump securities with autocallable feature due Sept. 3, 2026 linked to the Russell 2000 index and the S&P 500 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 10% per year if each index closes at or above its call level on any quarterly call determination date starting March 4, 2024. Call level starts at 100% of initial level and steps down to 95% of initial level on Dec. 1, 2025.
At maturity, the payout will be par plus 30% if the worst performing index finishes at or above 95% of its initial level.
Investors will receive par if the worst performing index declines by no more than 25% and will be fully exposed to the decline of worst performing index if it finishes below its 75% trigger level.
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 indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $2.12 million
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| Maturity: | Sept. 3, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 30% if worst performing index finishes at or above 95% of initial level; par if worst performing index declines but finishes at or above 75% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at a price to give a return of 10% per year if each index closes at or above its call level on any quarterly call determination date starting March 4, 2024; call level starts at 100% of initial level and steps down to 95% of initial level on Dec. 1, 2025
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| Initial levels: | 1,899.676 for Russell 2000, 4,507.66 for S&P 500
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| Downside thresholds: | 1,424.757 for Russell 2000, 3,380.745 for S&P 500, 75% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.75%
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| Cusip: | 61775HS32
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