Chicago, Aug. 2 – Morgan Stanley Finance LLC priced $983,000 of jump securities with autocallable feature due July 28, 2028 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement 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 25% per year if the level of the underlying index is greater than or equal to its initial level starting on July 26, 2024 and on any subsequent annual determination date.
At maturity the payout will be par plus 125% if the worst performing underlier finishes above its initial level.
The payout will be par if the index declines but finishes above its 50% trigger level and investors will be fully exposed to the decline of the index if it finishes below its 50% trigger 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 index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $983,000
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| Maturity: | July 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 125% if index finishes above its initial level; par if index declines but finishes above its 50% trigger level; otherwise, full exposure to decline of index
|
| Call: | Automatically at a price to give a return of 25% per year if the level of the underlying index is greater than or equal to its initial level starting on July 26, 2024 and on any subsequent annual determination date
|
| Initial level: | 906.86
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| Downside thresholds: | 453.43, 50% of initial level
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| Pricing date: | July 25
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| Settlement date: | July 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61775HMT1
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