New York, Nov. 9 – Morgan Stanley Finance LLC priced $2.07 million of 0% dual directional buffered PLUS due Nov. 7, 2025 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 112% 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 20%.
Otherwise, investors will lose 1% for every 1% that the worst performing index declines beyond 20%.
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: | $2,068,000
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| Maturity: | Nov. 7, 2025
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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 112% of that index return; par plus absolute value of worst performing index return if worst performing index declines by no more than 20%; otherwise, 1% loss for every 1% that worst performing index declines beyond 20%
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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: | 112%
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| Buffer: | 20%
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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: | 61774HTL2
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