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Morgan Stanley to price buffered participation securities on Russell
By Sarah Lizee
Olympia, Wash., Aug. 15 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due Aug. 21, 2024 linked to the Russell 2000 index, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 17% and will lose 1% for every 1% decline beyond the 17% buffer.
Morgan Stanley & Co. LLC is the agent.
The notes (Cusip: 61769HQQ1) will price on Aug. 16.
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