New York, Sept. 22 – Morgan Stanley Finance LLC priced $3.25 million of 0% buffered jump securities due Sept. 26, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus 11.65%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that the index declines beyond 10%.
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: | Buffered jump securities
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Underlying index: | S&P 500 index
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Amount: | $3.25 million
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Maturity: | Sept. 26, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is zero or positive, par plus 11.65%; par if index declines by 10% or less; otherwise, 1% loss for every 1% that index declines beyond 10%
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Initial level: | 4,450.32
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Upside payment: | 11.65%
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Buffer: | 10%
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Strike date: | Sept. 15
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Pricing date: | Sept. 18
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Settlement date: | Sept. 20
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61775HY76
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