By Sarah Lizee
Olympia, Wash., March 1 – Morgan Stanley Finance LLC priced $1.48 million of 0% buffered Performance Leveraged Upside Securities due March 1, 2024 linked to a basket of the S&P 500 index with a 65% weight and the Euro Stoxx 50 index with a 35% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 151% of any basket gain.
If the basket finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 30%.
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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Basket components: | S&P 500 index (65% weight) and Euro Stoxx 50 index (35% weight)
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Amount: | $1,475,000
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Maturity: | March 1, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 151% of any basket gain; if basket falls by up to 30%, par; otherwise, 1% loss per 1% decline beyond 30%
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Initial levels: | 2,792.38 for S&P, 3,282.77 for Stoxx
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Pricing date: | Feb. 27
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.125%
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Cusip: | 61768DS71
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