By William Gullotti
Buffalo, N.Y., Aug. 24 – Morgan Stanley Finance LLC priced $7.8 million of 0% trigger jump securities due Dec. 27, 2024 linked to the performance of the Euro Stoxx 50 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 36.5%.
If the index falls by up to 90% of initial levels, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
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: | Trigger jump securities
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Underlying index: | Euro Stoxx 50
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Amount: | $7,795,500
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Maturity: | Dec. 27, 2024
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the index finishes at or above initial level, par plus 36.5%; if the index falls by up to 10%, par; otherwise, full exposure to decline
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Initial levels: | 4,124.71
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Downside threshold levels: | 3,712.239; 90% of initial level
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Pricing date: | Aug. 19
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Settlement date: | Aug. 24
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3%
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Cusip: | 61773E106
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