New York, July 11 – Morgan Stanley Finance LLC priced $1.54 million of 0% dual directional buffered PLUS due July 6, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 105% of the index return.
The payout will be par plus the absolute value of the index return if the index declines by no more than 25%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 25%.
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: | Dual directional buffered PLUS
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| Underlying index: | S&P 500 index
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| Amount: | $1,537,000
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| Maturity: | July 6, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 105% of index return; par plus absolute value of index return if index declines by no more than 25%; otherwise, 1% loss for every 1% that index declines beyond 25%
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| Initial level: | 4,450.38
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| Buffer: | 25%
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| Buffer level: | 3,337.785, 75% of initial level
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| Pricing date: | June 30
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| Settlement date: | July 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61771WBZ0
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