New York, April 1 – Morgan Stanley Finance LLC priced $1 million of 0% dual directional buffered participation securities due May 1, 2025 linked to the Nasdaq-100 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the worst performing index is positive, the payout at maturity will be par plus the return of that index, subject to a maximum return of par plus 11.4%.
Investors will receive par plus 150% of absolute return of the worst performing index if it declines by no more than 15% and will lose 1% for each 1% decline in the worst performing index beyond 15%.
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 participation securities
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Underlying indexes: | Nasdaq-100 index and Russell 2000 index
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Amount: | $1 million
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Maturity: | May 1, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If return of worst performing index is positive, par plus that index's return, subject to a maximum return of par plus 11.4%; par plus 150% of absolute return of worst performing index if it declines by no more than 15%; otherwise, lose 1% for each 1% decline in the worst performing index beyond 15%
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Initial levels: | 18,210.54 for Nasdaq-100, 2,070.163 for Russell 2000
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Cap: | 11.4%
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Absolute return: | 150%
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Buffer: | 15%
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Pricing date: | March 26
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Settlement date: | April 1
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61776LJE8
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