By William Gullotti
Buffalo, N.Y., Sept. 13 – Morgan Stanley Finance LLC priced $1 million of 0% digital index-linked notes due Dec. 20, 2024 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus 11.05%.
If the index falls by no more than 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1.25% for every 1% that the index declines 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: | Digital index-linked notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1 million
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| Maturity: | Dec. 20, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes at or above initial level, par plus 11.05%; if index falls by up to 20%, par plus absolute return; otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%
|
| Initial index level: | 15,280.23
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| Threshold level: | 12,224.184; 80% of initial level
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| Pricing date: | Sept. 8
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| Settlement date: | Sept. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.33%
|
| Cusip: | 61775HP35
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