By Sarah Lizee
Olympia, Wash., Jan. 7 – Morgan Stanley Finance LLC priced $2.3 million 0% buffered jump securities due Jan. 2, 2025 linked to the FTSE 100 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the upside payment of 53.25%.
Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | FTSE 100
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| Amount: | $2.3 million
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| Maturity: | Jan. 2, 2025
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is zero or positive, par plus 53.25%; if index declines by 10% or less, par; otherwise, 1% loss for every 1% decline beyond 10%
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| Initial index value: | 7,644.90
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| Pricing date: | Dec. 27
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| Settlement date: | Jan. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4.25%
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| Cusip: | 61769H6G5
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