Chicago, Jan. 16 – Morgan Stanley Finance LLC priced $12.41 million of trigger autocallable notes due Jan. 13, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will be automatically called at par plus an annualized call premium of 8.8% if the index closes at or above its initial level on any quarterly observation date after six months.
The maturity date premium is 17.6%.
The payout at maturity will be par unless the index finishes below its 75% downside threshold, in which case investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger autocallable notes
|
| Underlying index: | S&P 500 index
|
| Amount: | $12,411,200
|
| Maturity: | Jan. 13, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If called, par plus 17.6%; par if index declines but finishes above downside threshold; otherwise, 1% loss for each 1% decline from initial level
|
| Call: | At par plus an 8.8% annualized call premium if index closes at or above initial level on any quarterly observation date starting after six months
|
| Initial index level: | 4,763.54
|
| Downside threshold: | 3,572.66, 75% of initial level
|
| Pricing date: | Jan. 8
|
| Settlement date: | Jan. 11
|
| Agents: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61775K696
|
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