New York, Jan. 5 – Morgan Stanley Finance LLC priced $4.17 million of jump securities with autocallable feature due Jan. 2, 2026 linked to 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 9.45% if the closing level of the underlying index is greater than or equal to its initial level on Jan. 6, 2025.
At maturity, the payout will be par plus 18.9% 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: | S&P 500 index
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| Amount: | $4,165,000
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| Maturity: | Jan. 2, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 18.9% 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 9.45% if the closing level of the underlying index is greater than or equal to its initial level on Jan. 6, 2025
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| Initial level: | 4,783.35
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5% including a structuring fee of 0.5%
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| Cusip: | 61771WEC8
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