New York, Jan. 4 – Morgan Stanley Finance LLC priced $6.02 million of 0% Buffered PLUS due July 25, 2024 linked to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, subject to a maximum return of par plus 25.9%.
Investors will receive par if the index declines by 25% or less and will lose 1.3333% for every 1% that it 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: | Buffered PLUS
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| Underlying index: | MSCI EAFE index
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| Amount: | $6.02 million
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| Maturity: | July 25, 2024
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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 150% of index return subject to a maximum return of par plus 25.9%; par if index declines by 25% or less; otherwise, 1.3333% loss for every 1% that index declines beyond 25%
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| Initial level: | 1,957.58
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| Buffer: | 25%
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| Buffer level: | 1,468.185, 75% of initial level
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| Upside leverage: | 150%
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| Cap: | 25.9%
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| Pricing date: | Dec. 21
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| Settlement date: | Dec. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61774TGV8
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