By William Gullotti
Buffalo, N.Y., Jan. 13 – Morgan Stanley Finance LLC priced $1 million of 0% buffered Performance Leveraged Upside Securities due Dec. 30, 2027 linked to a weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index (50% weight), the Russell 2000 index (25% weight) and the Nasdaq-100 index (25% weight).
If the return of basket is greater than or equal to its initial value, the payout will be par plus 128.25% of the basket return.
If the basket falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline of the basket beyond 10%.
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 Performance Leveraged Upside Securities
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| Underlying basket: | S&P 500 index (50% weight), Russell 2000 index (25% weight), Nasdaq-100 index (25% weight)
|
| Amount: | $1 million
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| Maturity: | Dec. 30, 2027
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the return of basket is greater than or equal initial value, par plus 128.25% of basket return; if the basket falls by up to buffer, par; if the basket falls by more than buffer, 1% loss for every 1% decline of the basket beyond buffer
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| Initial levels: | 3,829.25 for S&P, 1,749.516 for Russell, 10,822.51 for Nasdaq
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| Buffer level: | 90% of initial basket level
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| Pricing date: | Dec. 27
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| Settlement date: | Dec. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61774TCK6
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