New York, April 22 – Morgan Stanley Finance LLC priced $2.27 million of jump securities with autocallable feature due April 15, 2027 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 17.25% if the closing price of the underlying stock is greater than or equal to its initial price on April 14, 2025.
The payout at maturity will be par plus 115% of the fund return if the fund return is positive.
The payout will be par if the fund declines but finishes at or above its 60% trigger level. Otherwise, investors will be fully exposed to the decline of the fund from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities with autocallable feature
|
| Underlying ETF: | Energy Select Sector SPDR Fund
|
| Amount: | $2.27 million
|
| Maturity: | April 15, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 115% of ETF return; par if ETF declines but ends at or above downside threshold; otherwise, full exposure to loss
|
| Call: | Automatically at par plus 17.25% if the closing price of the underlying stock is greater than or equal to its initial price on April 14, 2025
|
| Initial level: | $97.72
|
| Downside threshold: | $58.632, 60% of initial level
|
| Pricing date: | April 11
|
| Settlement date: | April 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61776LQM2
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
