New York, Sept. 1 – Morgan Stanley Finance LLC priced $1.75 million of jump securities with autocallable feature due Sept. 1, 2028 linked to the Russell 2000 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 a price to give a return of 11.85% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Aug. 30, 2024.
At maturity, the payout will be par plus 59.25% if the worst performing index 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: | Russell 2000 index and Euro Stoxx 50 index
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| Amount: | $1.75 million
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| Maturity: | Sept. 1, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 59.25% 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
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| Call: | Automatically at a price to give a return of 11.85% per year if the closing level of each underlying index is greater than or equal to its initial level on any quarterly call determination date starting Aug. 30, 2024
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| Initial levels: | 1,895.538 for Russell 2000, 4,326.47 for Euro Stoxx 50
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| Downside thresholds: | 1,326.877 for Russell 2000, 3,028.529 for Euro Stoxx 50, 70% of initial levels
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| Pricing date: | Aug. 29
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| Settlement date: | Aug. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.35%
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| Cusip: | 61775HH75
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