New York, Oct. 2 – Morgan Stanley Finance LLC priced $1.85 million of buffered jump securities with autocallable feature due Sept. 29, 2028 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement 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 17.25% per year if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Sept. 27, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 86.25%.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that the index declines beyond 30%.
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: | Buffered jump securities with autocallable feature
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| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $1.85 million
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| Maturity: | Sept. 29, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 86.25%; par if index declines by 30% or less; otherwise, 1% loss for every 1% that index declines beyond 30%
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| Call: | Automatically at a price to give a return of 17.25% per year if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Sept. 27, 2024
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| Initial level: | 682.50
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| Buffer level: | 477.75, 70% of initial level
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.5%
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| Cusip: | 61775MAK2
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