New York, Dec. 28 – Morgan Stanley Finance LLC priced $1.37 million of jump securities with autocallable feature due Dec. 26, 2028 linked to the S&P 500 Futures Excess Return 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 8% 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 Dec. 23, 2024.
At maturity, the payout will be par plus 40% if the index finishes at or above its initial level.
The payout will be par if the index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the decline of the index from its initial level.
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 Futures Excess Return index
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| Amount: | $1,374,000
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| Maturity: | Dec. 26, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 40% if index finishes at or above its initial level; par if index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of index
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| Call: | Automatically at a price to give a return of 8% 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 Dec. 23, 2024
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| Initial level: | 416.82
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| Downside thresholds: | 291.774, 70% of initial level
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| Pricing date: | Dec. 20
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| Settlement date: | Dec. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
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| Cusip: | 61771WDR6
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