New York, Aug. 29 – Morgan Stanley Finance LLC priced $1.58 million of 0% buffered jump securities with autocallable feature due Aug. 28, 2028 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a 20% call premium if the closing level of the underlying index is greater than or equal to its initial level on Aug. 29, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 225% of the index return.
Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that the index declines beyond 20%.
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: | Buffered jump securities with autocallable feature
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| Underlying index: | Euro Stoxx Banks index
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| Amount: | $1,581,000
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| Maturity: | Aug. 28, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 225% of index return; par if index declines by no more than 20%; otherwise, 1% loss for every 1% that index declines beyond 20%
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| Call: | Automatically at par plus a 20% call premium if the closing level of the underlying index is greater than or equal to its initial level on Aug. 29, 2024
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| Initial level: | 109.91
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| Buffer level: | 87.928, 80% of initial level
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| Pricing date: | Aug. 23
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| Settlement date: | Aug. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61775HC70
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