New York, May 2 – Morgan Stanley Finance LLC priced $3.91 million of contingent income buffered autocallable securities due April 30, 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 11%, paid monthly, if the underlying index closes at or above its 80% 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 monthly call determination date starting April 30, 2025.
At maturity, the payout will be par unless the index declines by more than 15%, in which case investors will lose 1% for every 1% that the index declines 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: | 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: | $3,908,000
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| Maturity: | April 30, 2029
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| Coupon: | 11%, paid monthly, if the underlying index closes at or above its 80% coupon barrier on the related monthly observation date
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| Price: | Par
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| Payout at maturity: | Par unless the index declines by more than 15%, in which case investors will lose 1% for every 1% that the index declines beyond 15%
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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 monthly call determination date starting April 30, 2025
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| Initial level: | 956.43
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| Buffer: | 15%
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| Buffer level: | 812.966, 85% of initial level
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| Coupon barrier: | 765.144, 80% of initial level
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| Pricing date: | April 25
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| Settlement date: | April 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61776LRT6
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