Morgan Stanley is offering $698,000 of auto-callable securities linked to SoFi Technologies common stock, with Maturity set for August 29, 2029. The securities matter to investors because they do not guarantee interest or principal, while coupon payments depend on the stock meeting a specified threshold.

Key Highlights

  • Wells Fargo Securities may receive as much as $23.25 per security in commission.
  • The securities are linked to SoFi Technologies common stock, identified by Nasdaq symbol SOFI.
  • Morgan Stanley Finance LLC is the issuer, with Morgan Stanley providing a full and unconditional guarantee.

It is offering $698,000 of auto-callable securities tied to SoFi Technologies common stock, with proceeds to Morgan Stanley (NYSE: MS) Finance LLC of $681,771.50. The securities carry potential contingent coupons and principal at risk.

$1,000 Securities Due August 29, 2029

Each security has a public price of $1,000, while the offering’s total agent commissions are $16,228.50. Morgan Stanley Finance LLC is the issuer, and Morgan Stanley fully and unconditionally guarantees the obligations.

Coupons Depend on SoFi’s Closing Price

A contingent coupon is payable only when SoFi Technologies’ closing stock price on the relevant calculation day is at least the coupon threshold price. Monthly calculation days below that threshold produce no coupon for the related payment date. The securities also can be automatically called before maturity and do not guarantee either interest payments or repayment of principal.