New York, Feb. 21 – Morgan Stanley Finance LLC priced $1.49 million of contingent income autocallable securities due Feb. 15, 2029 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 13%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly 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 Feb. 18, 2025.
At maturity, the payout will be par unless the index finishes below its 55% downside threshold level, in which case investors will be fully exposed to the decline of the index.
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 autocallable securities
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| Underlying index: | S&P U.S. Equity Momentum 40% VT 4% Decrement index
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| Amount: | $1,488,000
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| Maturity: | Feb. 15, 2029
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| Coupon: | 13%, paid quarterly, if the underlying index closes at or above its 60% coupon barrier on the related quarterly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index finishes below its downside threshold level, in which case investors will be fully exposed to the decline in the index
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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 Feb. 18, 2025
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| Initial level: | 1,032.73
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| Downside threshold: | 568.002, 55% of initial level
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| Coupon barrier: | 619.638, 60% of initial level
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| Pricing date: | Feb. 12
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| Settlement date: | Feb. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61771WZY7
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