New York, Oct. 13 – Morgan Stanley Finance LLC priced $5.5 million of contingent income buffered autocallable securities due Oct. 12, 2028 linked to the S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 10.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date.
The securities will be called automatically at par if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Oct. 15, 2024.
At maturity, the payout will be par unless the index declines by more than 25%, in which case investors will be exposed to the decline of the index beyond 25%.
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: | Contingent income buffered autocallable securities
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| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $5.5 million
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| Maturity: | Oct. 12, 2028
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| Coupon: | 10.5%, paid monthly, if the underlying index closes at or above its 70% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par if the index finishes at or above buffer level; otherwise, investors lose 1% for every 1% decline beyond 25%
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| Call: | Automatically at par if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Oct. 15, 2024
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| Initial level: | 723.11
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| Buffer: | 25%
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| Buffer level: | 542.333, 75% of initial level
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| Coupon barrier: | 506.177, 70% of initial level
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| Pricing date: | Oct. 9
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| Settlement date: | Oct. 12
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61775MEJ1
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