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Published on 2/13/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $1.29 million accelerated return securities linked to S&P 500

New York, Feb. 13 – Morgan Stanley Finance LLC priced $1.29 million of 0% accelerated return securities due Jan. 31, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the return of the index is positive, the payout at maturity will be par plus 112% of the index return.

Investors will receive par if the index falls by no more than 15% and lose 1% for every 1% that it declines beyond 15%.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Accelerated return securities
Underlying index:S&P 500 index
Amount:$1,285,000
Maturity:Jan. 31, 2029
Coupon:0%
Price:Par
Payout at maturity:If return of index is positive, par plus 112% of index return; par if index falls by up to 15%; otherwise, 1% loss for every 1% that index declines beyond 15%
Initial level:4,890.97
Upside leverage:112%
Buffer level:4,157.325, 85% of initial level
Pricing date:Jan. 26
Settlement date:Jan. 31
Agent:Morgan Stanley & Co. LLC
Fees:2.5%
Cusip:61771WPQ5

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