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Published on 2/13/2024 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley prices $2.72 million 10.1% contingent income autocalls on indexes

New York, Feb. 13 – Morgan Stanley Finance LLC priced $2.72 million of contingent income autocallable securities due Feb. 11, 2027 linked to the Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.

Investors will receive a coupon of 10.1%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date.

The securities will be called automatically starting Feb. 12, 2025 at par 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 unless the worst performing index closes below its 70% downside threshold level in which case investors will be fully exposed to the decline of the worst performing index.

The notes are guaranteed by Morgan Stanley.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Contingent income autocallable securities
Underlying indexes:Russell 2000 index, Nasdaq-100 index and Dow Jones industrial average
Amount:$2.72 million
Maturity:Feb. 11, 2027
Coupon:10.1%, paid monthly, if each underlying index closes at or above its 80% coupon barrier on the related monthly observation date
Price:Par
Payout at maturity:Par unless the worst performing index closes below its downside threshold level in which case investors will be fully exposed to the decline in the worst performing index
Call:Automatically starting Feb. 12, 2025 at par if the level of each underlying index is greater than or equal to its initial level on any quarterly call determination date
Initial levels:38,677.36 for Dow Jones industrial average, 17,755.07 for Nasdaq-100, 1,950.359 for Russell 2000
Downside thresholds:27,074.152 for Dow Jones industrial average, 12,428.549 for Nasdaq-100, 1,365.251 for Russell 2000, 70% of initial level
Coupon barriers:30,941.888 for Dow Jones industrial average, 14,204.056 for Nasdaq-100 index, 1,560.287 for Russell 2000 index, 80% of initial levels
Pricing date:Feb. 7
Settlement date:Feb. 12
Agent:Morgan Stanley & Co. LLC
Fees:0%
Cusip:61771WRC4

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