By William Gullotti
Buffalo, N.Y., April 23 – Morgan Stanley Finance LLC priced $4.1 million of 0% autocallable trigger Performance Leveraged Upside Securities due May 5, 2026 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities are guaranteed by Morgan Stanley.
The securities will be automatically called at par plus a premium of 9% if the index closes at or above its initial level on April 24, 2025.
If the securities are not called and the index finishes above its initial level, the payout at maturity will be par plus 1.25 times the index return.
If the index finishes at or below its initial level but at or above its 75% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Autocallable trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,101,000
|
| Maturity: | May 5, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.25 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Call: | Automatically at par plus a premium of 9% if the index closes at or above its initial level on April 24, 2025
|
| Initial index level: | 5,022.21
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| Trigger level: | 3,766.658; 75% of initial level
|
| Pricing date: | April 17
|
| Settlement date: | April 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61776LLF2
|
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