Chicago, April 19 – Morgan Stanley Finance LLC priced $381,000 of market-linked securities – autocallable with contingent coupon and contingent downside due Jan. 27, 2025 linked to the common stock of Advanced Micro Devices, Inc., according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a monthly 13.3% contingent coupon if the stock closes above its 65% coupon threshold on the related observation date.
The notes will be called at par plus the coupon starting after six months if the stock closes above its initial level on any monthly observation date.
Investors will receive par at maturity if the stock finishes above 65% of its initial level.
Otherwise, investors will be fully exposed to the losses of the stock.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked securities – autocallable with contingent coupon and contingent downside
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| Underlying stock: | Advanced Micro Devices, Inc.
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| Amount: | $381,000
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| Maturity: | Jan. 25, 2025
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| Coupon: | 13.3% annual rate, payable monthly if stock closes above coupon barrier on related observation date
|
| Price: | Par
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| Payout at maturity: | Par if stock finishes above barrier level; otherwise, full exposure to losses of stock
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| Initial price: | $174.23
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| Coupon barrier level: | $113.2495, 65% of initial level
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| Downside threshold level: | $113.2495, 65% of initial level
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| Pricing date: | Jan. 19
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| Settlement date: | Jan. 24
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| Agents: | Morgan Stanley & Co. LLC and Wells Fargo Securities, LLC
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| Fees: | 1.425%
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| Cusip: | 61771WGA0
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