New York, Dec. 20 – Morgan Stanley Finance LLC priced $10 million of buffered jump securities with autocallable feature due Dec. 20, 2028 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The securities will be called automatically at a price to give a return of 11.65% per year if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Dec. 18, 2024.
If the index finishes at or above its initial level, the payout at maturity will be par plus 58.25%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
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: | Buffered jump securities with autocallable feature
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $10 million
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| Maturity: | Dec. 20, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above its initial level, par plus 58.25%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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| Call: | Automatically at a price to give a return of 11.65% per year if the closing level of the underlying index is greater than or equal to its initial level on any quarterly call determination date starting Dec. 18, 2024
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| Initial level: | 418.42
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| Buffer level: | 376.578, 90% of initial level
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| Pricing date: | Dec. 15
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| Settlement date: | Dec. 20
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.25%
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| Cusip: | 61775MR99
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