Chicago, Dec. 1 – Morgan Stanley Finance LLC priced $2.35 million of contingent income buffered autocallable securities due Nov. 30, 2028 linked to S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.25%, paid monthly, if the underlying index closes at or above its 75% coupon barrier on the related monthly observation date.
The securities will be called automatically starting Dec. 3, 2024 at par if the level of the underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par unless the index declines by more than its 25% buffer in which case investors will be exposed to the decline of the index beyond the buffer.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Contingent income buffered autocallable securities
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| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $2,346,000
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| Maturity: | Nov. 30, 2028
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| Coupon: | 10.25% annual rate, paid monthly, if the underlying index closes at or above its 75% coupon barrier on the related monthly observation date
|
| Price: | Par
|
| Payout at maturity: | Par if the index gains or loses no more than its 25% buffer, otherwise investors will be exposed to the decline in the index beyond the buffer
|
| Call: | Automatically starting Dec. 3, 2024 at par if the level of the underlying index is greater than or equal to its initial level on any quarterly call determination date
|
| Initial level: | 772.41
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| Coupon barrier: | 579.308, 75% of initial level
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| Buffer level: | 579.308, 75% of initial level
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| Buffer: | 25%
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.15%
|
| Cusip: | 61775MXH4
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