New York, March 1 – Morgan Stanley Finance LLC priced $2.41 million of buffered jump securities with autocallable feature due March 1, 2029 linked to 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 starting Feb. 27, 2025 at a price to give a return of 14.5% per year if the index closes at or above its initial level on any determination date.
If the index finishes above its initial level, the payout at maturity will be par plus 72.5%. Investors will receive par if the index finishes below its initial level but declines by 20% or less and will lose 1% for every 1% that the index declines beyond the buffer.
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: | $2,413,000
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| Maturity: | March 1, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above its initial level, par plus 72.5%; par if index finishes below its initial level but declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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| Call: | Automatically starting Feb. 27, 2025 at a price to give a return of 14.5% per year if index closes at or above initial level on any monthly determination date
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| Initial level: | 1,050.82
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| Buffer level: | 840.656, 80% of initial level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.15%
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| Cusip: | 61771WXV5
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