By Sarah Lizee
Olympia, Wash., Dec. 5 – Morgan Stanley Finance LLC priced $250,000 of 0% participation securities due Nov. 28, 2025 linked to the S&P 500 index, 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 102% of any index gain.
Investors will be exposed to losses, subject to a minimum payout of 50% of par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Participation securities
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Underlying index: | S&P 500
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Amount: | $250,000
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Maturity: | Nov. 28, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 102% of any index gain; exposure to losses, subject to a minimum payout of 50% of par
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Initial index level: | 3,110.29
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Pricing date: | Nov. 22
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Settlement date: | Nov. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 34.37%
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Cusip: | 61769HG82
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