By Wendy Van Sickle
Columbus, Ohio, Sept. 20 – Morgan Stanley Finance LLC priced $8.72 million of 0% buffered participation securities due Sept. 17, 2021 linked to a performance-allocation basket containing the MSCI Europe index, the Russell 2000 index and the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The best-performing index will be given a 45% weight, the second best a 37% weight and the worst a 18% weight.
The payout at maturity will be par plus any basket gain.
Investors will receive par if the basket falls by up to 10% and will lose 1% for every 1% decline beyond the 10% buffer.
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 participation securities
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| Basket components: | MSCI Europe, Russell 2000, S&P 500; 45% weight to best performer, 37% weight to second-best performer; 18% weight to worst performer
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| Amount: | $8,716,240
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| Maturity: | Sept. 17, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any basket gain; par if the final basket level is at least 90% of the initial level; otherwise, investors will be exposed to losses beyond the 10% buffer
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| Initial index levels: | 127.23 for MSCI Europe; 1,721.719 for Russell; 2,904.98 for S&P
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| Pricing date: | Sept. 14
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| Settlement date: | Sept. 19
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.7%
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| Cusip: | 61768T100
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