By William Gullotti
Buffalo, N.Y., April 15 – Morgan Stanley Finance LLC priced $4 million of autocallable jump securities with upside participation feature at maturity due April 13, 2026 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus 13.55% if the index closes at or above its initial level on April 15, 2025.
If the index finishes at or above its initial level, the payout at maturity will be the greater of par plus 27.1% and par plus the index return.
Investors will receive par if the index but declines by 15% or less and will lose 1.1765% for every 1% that the index declines beyond the 15%.
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: | Autocallable jump securities with upside participation feature at maturity
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| Underlying index: | Tokyo Stock Price index
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| Amount: | $4 million
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| Maturity: | April 13, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, the greater of par plus 27.1% and par plus the index return; par if index declines by 15% or less; otherwise, 1.1765% loss for every 1% that index declines beyond 15%
|
| Call: | Automatically at par plus 13.55% if index closes at or above initial level on April 15, 2025
|
| Initial level: | 2,728.32
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| Buffer level: | 2,319.072; 85% of initial level
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| Pricing date: | April 8
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| Settlement date: | April 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.5%
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| Cusip: | 61776LNH6
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