Chicago, Aug. 14 – Morgan Stanley Finance LLC priced $2.25 million of jump securities with autocallable feature due July 31, 2028 linked to the worst performing of the Russell 2000 index and Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting July 30, 2024 at a price to give a return of 10.6% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date.
At maturity the payout will be par plus 53% if the worst performing underlier finishes above its initial level.
The payout will be par if the worst performing index declines but finishes above its 70% trigger level and investors will be fully exposed to the decline of the worst performing index if it finishes below its 70% 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 indexes: | Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $2.25 million
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| Maturity: | July 31, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 53% if worst performing index finishes above its initial level; par if worst performing index declines but finishes above its 70% trigger level; otherwise, full exposure to decline of worst performing index
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| Call: | Automatically starting July 30, 2024 at a price to give a return of 10.6% per year if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination dates
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| Initial levels: | 1,954.896 for Russell, 4,447.44 for Stoxx
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| Downside thresholds: | 1,368.427 for Russell, 3,113.208 for Stoxx, 70% of initial levels
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| Pricing date: | July 27
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| Settlement date: | July 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.35%
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| Cusip: | 61775HQF7
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