By Susanna Moon
Chicago, Nov. 1 – Morgan Stanley Finance LLC priced $1.47 million of 0% enhanced buffered jump securities due April 30, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus the fixed upside payment of 17%.
Otherwise, investors will be exposed to any losses beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Enhanced buffered jump securities
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| Underlying index: | Russell 2000
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| Amount: | $1,472,000
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| Maturity: | April 30, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above 80% downside threshold, par plus 17%; otherwise, 1% loss per 1% decline beyond 20%
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| Initial level: | 1,204.75
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
|
| Cusip: | 61768CAW7
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