By Kiku Steinfeld
Chicago, Feb. 16 – Morgan Stanley Finance LLC priced $2.6 million of 0% leveraged buffered notes due Feb. 6, 2023 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.
If the index return is positive, the payout at maturity will be par plus 1.5 times any gain, capped at par plus 34.25%.
If the index declines by up to 20%, the payout will be par. Investors will lose 1.25% for each 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $2.6 million
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Maturity: | Feb. 6, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 150% of index gain, capped at par plus 34.25%; par if index falls by up to 20%; 1.25% loss for every 1% decline beyond 20%
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Initial level: | 3,826.31
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Buffer level: | 3,061.048 or 80% of initial level
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Pricing date: | Feb. 2
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Settlement date: | Feb. 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61771EV88
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