New York, Jan. 30 – Morgan Stanley Finance LLC priced $1.06 million of jump securities with autocallable feature due Jan. 29, 2026 linked to the Dow Jones industrial average 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 11.85% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date.
At maturity, the payout will be par plus 35.55% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 60% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 60% 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: | Dow Jones industrial average and S&P 500 index
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| Amount: | $1,058,000
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| Maturity: | Jan. 29, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 35.55% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 60% trigger level; otherwise, full exposure to decline of worst performing index from initial level
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| Call: | Automatically at a price to give a return of 11.85% per year if the closing level of each underlying index is greater than or equal to its initial level on any semiannual determination date
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| Initial levels: | 33,743.84 for Dow Jones industrial average, 4,016.22 for S&P 500
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| Downside thresholds: | 20,246.304 for Dow Jones industrial average, 2,409.732 for S&P 500, 60% of initial level
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774TRE4
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