New York, July 10 – Morgan Stanley Finance LLC priced $8.69 million of jump securities with autocallable feature due Feb. 29, 2028 linked to Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at par plus a call premium of 10.25% per year if the index closes at or above its call level, 90% of initial level, on any quarterly call determination date starting March 4, 2024.
At maturity, the payout will be par plus 51.25% if the index finishes at or above call level.
If the index declines by more than 10% but finishes at or above 85% of initial level, the payout will be par. Otherwise, investors will lose 1.1765% for each 1% decline beyond 15%.
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 index: | Euro Stoxx 50 index
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| Amount: | $8.69 million
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| Maturity: | Feb. 29, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 51.25% if the index finishes at or above call level; if index declines by more than 10% but less than 15%, par; otherwise, lose 1.1765% for each 1% decline beyond 15%
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| Call: | Automatically at par plus a call premium of 10.25% per year if the index closes at or above its call level on any quarterly call determination date starting March 4, 2024
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| Initial level: | 4,178.82
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| Call threshold: | 3,760.938, 90% of initial level
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| Buffer level: | 3,551.997, 85% of initial level
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| Pricing date: | Feb. 24
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| Settlement date: | March 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61774TU91
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