New York, Nov. 9 – Morgan Stanley Finance LLC priced $1.13 million of 0% dual directional buffered PLUS due Nov. 7, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains, the payout will be par plus 105% of that index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines 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 PLUS
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Underlying indexes: | S&P 500 index and Russell 2000 index
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Amount: | $1,125,000
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Maturity: | Nov. 7, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains, par plus 105% of that index return; par plus absolute value of worst performing index return if worst performing index declines by no more than 15%; otherwise, 1% loss for every 1% that worst performing index declines beyond 15%
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Initial levels: | 1,799.866 for Russell 2000, 3,770.55 for S&P 500
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Upside leverage: | 105%
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Buffer: | 15%
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Pricing date: | Nov. 4
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Settlement date: | Nov. 9
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0%
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Cusip: | 61774HTB4
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