By Sarah Lizee
Olympia, Wash., March 11 – Morgan Stanley Finance LLC priced $3.64 million of 0% buffered Performance Leveraged Upside Securities due Aug. 31, 2022 linked to a basket containing two indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Alerian MLP index (50% weight) and the Bloomberg Commodity index (50% weight).
If the return of basket is greater than or equal to its initial value, the payout will be par plus 125% of the basket return, up to par plus 30%.
If the basket falls by up to 20%, the payout will be par.
If the basket falls by more than 20%, investors will lose 1% for every 1% decline of the basket beyond 20% buffer.
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 Performance Leveraged Upside Securities
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Underlying basket: | Alerian MLP index (50% weight), Bloomberg Commodity index (50% weight)
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Amount: | $3.64 million
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Maturity: | Aug. 31, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the return of basket is greater than or equal initial value, par plus 125% of basket return, up to par plus 30%; if the basket falls by up to 20%, par; if the basket falls by more than 20%, 1% loss for every 1% decline of the basket beyond 20% buffer
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Initial levels: | 173.0095 for Alerian MLP, 70.9799 for Bloomberg Commodity
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61770FMN3
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