By Marisa Wong
Morgantown, W.Va., Sept. 7 – Morgan Stanley Finance LLC priced $12.23 million of 0% buffered gears due Aug. 30, 2024 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 of $10 plus 1.39 times any index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered gears
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Underlying index: | S&P 500
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Amount: | $12,233,390
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Maturity: | Aug. 30, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.39 times any index gain; par if the index falls by up to 20%; exposure to losses beyond 20%
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Initial value: | 2,444.24
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Downside threshold: | 1,955.39, 80% of initial level
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
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Fees: | 3.5%
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Cusip: | 61766X574
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