By Sarah Lizee
Olympia, Wash., Aug. 20 – Morgan Stanley Finance LLC priced $1.3 million of 0% buffered participation securities due Aug. 21, 2024 linked to the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
If the index falls by up to 17%, the payout will be par.
If the index falls by more than 17%, investors will lose 1% for every 1% decline of the index beyond 17%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered participation securities
|
| Underlying index: | Russell 2000
|
| Amount: | $1.3 million
|
| Maturity: | Aug. 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if the index falls by up to 17%, par; if the index falls by more than 17%, 1% loss for every 1% decline of the index beyond 17%
|
| Initial index level: | 1,493.640
|
| Buffer level: | 1,239.721; 83% of initial level
|
| Pricing date: | Aug. 16
|
| Settlement date: | Aug. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61769HQQ1
|
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