New York, Jan. 9 – Morgan Stanley Finance LLC priced $3.49 million of buffered jump securities with autocallable feature due Dec. 13, 2028 linked to S&P U.S. Equity Momentum 40% VT 4% Decrement index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically starting Dec. 11, 2024 if the index closes at or above its 90% call threshold at a price to give a return of 12% per year and on any subsequent monthly determination date.
If the index finishes above its initial level, the payout at maturity will be par plus 60%. Investors will receive par if the index finishes below its initial level but declines by 20% or less and will lose 1% for every 1% that the index declines beyond the buffer.
The notes are guaranteed by Morgan Stanley.
The index is a momentum-based strategy tied to U.S. equity futures with a volatility target and a 4% per annum daily decrement.
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: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $3,489,000
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| Maturity: | Dec. 13, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above its initial level, par plus 60%; par if index finishes below its initial level but declines by 20% or less; 1% loss for every 1% that index declines beyond 20%
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| Call: | Automatically starting Dec. 11, 2024 if index closes at or above call threshold at a price to give a return of 12% per year and on any subsequent monthly determination date
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| Initial level: | 795.26
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| Buffer level: | 636.208, 80% of initial level
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| Call threshold: | 715.734, 90% of initial level
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| Pricing date: | Dec. 8
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| Settlement date: | Dec. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61775MR57
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