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
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Guarantor: | Morgan Stanley
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Issue: | Jump securities with autocallable feature
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Underlying ETF: | Energy Select Sector SPDR Fund
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Amount: | $2.27 million
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Maturity: | April 15, 2027
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Coupon: | 0%
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Price: | Par
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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
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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
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Initial level: | $97.72
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Downside threshold: | $58.632, 60% of initial level
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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: | 0.75%
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Cusip: | 61776LQM2
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