New York, Oct. 27 – Morgan Stanley Finance LLC priced $1.17 million of jump securities with autocallable feature due Oct. 25, 2028 linked to Russell 2000 index and S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 9.1% annualized call premium if each index closes at or above its call level on any quarterly call determination date starting Oct. 23, 2024. Call level starts at 100% of initial level and steps down by 1.875% with each subsequent valuation date.
At maturity, the payout will be par plus 45.5% if the worst performing index finishes at or above its 70% downside threshold level.
Otherwise, investors will lose 1% for every 1% decline of the worst performing index 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 indexes: | Russell 2000 index and S&P 500 index
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| Amount: | $1.17 million
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| Maturity: | Oct. 25, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 45.5% if worst performing index finishes at or above its downside threshold level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically at par plus a 9.1% annualized call premium if each index closes at or above its call level on any quarterly call determination date starting Oct. 23, 2024; call level starts at 100% of initial level and steps down by 1.875% with each subsequent valuation date
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| Initial levels: | 1,680.792 for Russell 2000, 4,224.16 for S&P 500
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| Downside thresholds: | 1,176.554 for Russell 2000, 2,956.912 for S&P 500, 70% of initial level
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| Pricing date: | Oct. 20
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| Settlement date: | Oct. 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61775MKE5
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