Chicago, Sept. 5 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional trigger PLUS notes due Aug. 5, 2024 tied 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 plus 1.2 times the index return if the final index value is greater than its initial value.
If the final index falls by no more than 30%, the payout will be par plus the absolute value of the index return.
If the final value falls more than 30%, investors will be fully exposed to the losses of the index.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Dual directional trigger PLUS notes
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Underlying index: | S&P 500
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Amount: | $250,000
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Maturity: | Aug. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.2 times index return if final index value is above initial value; par plus absolute return of the index if final value falls but no more than 30%; if index falls more than 30% investors will be fully exposed to losses of index
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Initial level: | 2,980.38
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Trigger level: | 2,086.266, 70% of initial level
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Pricing date: | Aug. 8
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Settlement date: | Aug. 12
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.25%
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Cusip: | 61769HKT1
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