New York, April 22 – Morgan Stanley Finance LLC priced $1.64 million of jump securities with autocallable feature due April 16, 2029 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 10% per year if the closing level of the underlying index is greater than or equal to its initial level on any semiannual determination date starting April 14, 2025.
At maturity, the payout will be par plus 50% if the index finishes at or above its initial level.
The payout will be par if the index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the index from its initial 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 index: | Russell 2000 index
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| Amount: | $1.64 million
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| Maturity: | April 16, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 50% if index finishes at or above its initial level; par if index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of index
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| Call: | Automatically at a price to give a return of 10% per year if the closing level of the underlying index is greater than or equal to its initial level on any semiannual determination date starting April 14, 2025
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| Initial level: | 2,042.604
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| Downside thresholds: | 1,429.823, 70% of initial level
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| Pricing date: | April 11
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| Settlement date: | April 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61776LNA1
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