By William Gullotti
Buffalo, N.Y., April 26 – Morgan Stanley Finance LLC priced $2.01 million of 0% dual directional buffered jump securities with autocallable feature due April 23, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be automatically called at par plus 8.15% call premium if the index closes at or above its initial level on April 22, 2025.
If the securities are not called and the index finishes at or above its initial level, the payout at maturity will be par plus the return.
If the index declines by up to 20%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors 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
|
| Guarantor: | Morgan Stanley
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| Issue: | Dual directional buffered jump securities with autocallable feature
|
| Underlying index: | S&P 500 index
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| Amount: | $2,014,000
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| Maturity: | April 23, 2026
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above initial level, par plus the return; if the index falls by no more than 20%, par plus absolute value of the index’s return; otherwise, 1% loss for every 1% that index declines beyond 20%
|
| Call: | Automatically at par plus 8.15% if the index closes at or above its initial level on April 22, 2025
|
| Initial level: | 4,967.23
|
| Downside threshold: | 3,973.784; 80% of initial level
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| Pricing date: | April 19
|
| Settlement date: | April 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.7%
|
| Cusip: | 61776LVN4
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