By William Gullotti
Buffalo, N.Y., March 13 – Morgan Stanley Finance LLC priced $2.59 million of 0% leveraged buffered index-linked notes due June 4, 2025 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.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, subject to a maximum return of par plus 30.34%.
Investors will receive par if the index falls by up to 17.5% and will share in losses at a rate of 1.2121% per 1% drop beyond the 17.5% buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered index-linked notes
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Underlying index: | S&P 500 index
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Amount: | $2,593,000
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Maturity: | June 4, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 200% of the index gain, capped at 30.34%; par if index falls by up to 17.5%; 1.2121% loss for every 1% decline beyond 17.5% buffer
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Initial level: | 3,992.01
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Buffer level: | 3,293.40825; 82.5% of initial level
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Pricing date: | March 8
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Settlement date: | March 15
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61774T4S8
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