New York, July 3 – Morgan Stanley Finance LLC priced $2.55 million of jump securities with autocallable feature due July 3, 2028 linked to the S&P 500 index and the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 10% annualized call premium if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting June 28, 2024.
At maturity, the payout will be par plus 50% if the worst performing underlier finishes at or above its initial level.
The payout will be par if the worst performing index declines but finishes at or above its 70% trigger level. Otherwise, investors will be fully exposed to the 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: | S&P 500 index and Euro Stoxx 50 index
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| Amount: | $2.55 million
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| Maturity: | July 3, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 50% if worst performing index finishes at or above its initial level; par if worst performing index declines but finishes at or above its 70% trigger level; otherwise, full exposure to decline of worst performing index from initial level
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| Call: | Automatically at par plus a 10% annualized call premium if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting June 28, 2024
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| Initial levels: | 4,376.86 for S&P 500, 4,344.75 for Euro Stoxx 50
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| Downside thresholds: | 3,063.802 for S&P 500, 3,041.325 for Euro Stoxx 50, 70% of initial levels
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| Pricing date: | June 28
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| Settlement date: | June 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.35%
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| Cusip: | 61775HEM5
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