By Susanna Moon
Chicago, Feb. 21 – Morgan Stanley Finance LLC priced $1.47 million of 0% equity-linked partial principal at risk securities due Feb. 4, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain, up to a maximum return of 98%.
If the index falls, the payout will be par plus the return, with a minimum payout of 97.5% of par.
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: | Equity-linked partial principal at risk securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1,473,000
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| Maturity: | Feb. 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at 98%; 1% loss per 1% decline, floor of 97.5% of par
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| Initial index level: | 3,523.28
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| Pricing date: | Feb. 2
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| Settlement date: | Feb. 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
|
| Cusip: | 61768CA56
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