By Angela McDaniels
Tacoma, Wash., June 6 – Morgan Stanley Finance LLC priced $2.29 million of 0% buffered jump securities due June 5, 2024 linked to the iShares MSCI ACWI exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final share price is greater than or equal to the initial share price, the payout at maturity will be par plus 40%.
If the final share price is less than the initial share price but greater than or equal to 75% of the initial share price, the payout will be par.
If the final share price is less than 75% of the initial share price, investors will lose 1% for every 1% that the ETF declines beyond 25%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying ETF: | iShares MSCI ACWI ETF
|
| Amount: | $2.29 million
|
| Maturity: | June 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final share price is greater than or equal to initial share price, par plus 40%; if final share price is less than initial share price but greater than or equal to 75% of initial share price, par; if final share price is less than 75% of initial share price, 1% loss for every 1% that ETF declines beyond 25%
|
| Initial share price: | $70.085
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.4%
|
| Cusip: | 61769HDA0
|
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