By Angela McDaniels
Tacoma, Wash., Dec. 9 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional buffered jump securities due Dec. 2, 2024 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 28%.
If the final level of either index is less than its initial level but the final level of each index is greater than or equal to its downside threshold level, 80% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.
If the final level of either index is less than its downside threshold level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Dual directional buffered jump securities
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| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $250,000
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| Maturity: | Dec. 2, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, par plus greater of lesser-performing index’s return and 28%; if final level of either index is less than initial level but final level of each index is greater than or equal to downside threshold level, par plus absolute value of lesser-performing index’s return; if final level of either index is less than downside threshold level, 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Initial levels: | 3,140.52 for S&P 500 and 1,624.231 for Russell 2000
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| Downside thresholds: | 2,512.416 for S&P 500 and 1,299.385 for Russell 2000, or 80% of initial levels
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| Pricing date: | Nov. 26
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| Settlement date: | Dec. 2
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61769HL37
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