Published on 4/19/2024 in the Prospect News Structured Products Daily.
New Issue: Morgan Stanley prices $2.44 million buffered autocallable jump securities on indexes
New York, April 19 – Morgan Stanley Finance LLC priced $2.44 million of buffered jump securities with autocallable feature due April 16, 2029 linked to the Dow Jones industrial average, the Russell 2000 index and the S&P 500 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 11.1% per year if each index closes at or above its initial level on any quarterly call determination date starting April 14, 2025.
If the worst performing index finishes at or above its initial level, the payout at maturity will be par plus 55.5%.
Investors will receive par if the worst performing index declines by 10% or less and will lose 1.111% for every 1% that the worst performing index declines beyond 10%.
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 indexes: | Dow Jones industrial average, Russell 2000 index and S&P 500 index
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| Amount: | $2,443,000
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| Maturity: | April 16, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above its initial level, par plus 55.5%; par if worst performing index declines by 10% or less; otherwise, 1.111% loss for every 1% that worst performing index declines beyond 10%
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| Call: | Automatically at a price to give a return of 11.1% per year if each index closes at or above its initial level on any quarterly call determination date starting April 14, 2025
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| Initial levels: | 38,459.08 for Dow Jones industrial average, 2,042.604 for Russell 2000, 5,199.06 for S&P 500
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| Buffer levels: | 34,613.172 for Dow Jones industrial average, 1,838.344 for Russell 2000 index, 4,679.154 for S&P 500 index, 90% of initial levels
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| Pricing date: | April 11
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| Settlement date: | April 16
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.4%
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| Cusip: | 61776LSM0
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