By Kiku Steinfeld
Chicago, Oct. 16 – Morgan Stanley Finance LLC priced $645,000 of 0% buffered participation securities due Oct. 3, 2025 linked to the S&P 500 index, according to a 424B2 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, capped at 50%.
Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% index decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered participation securities
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| Underlying index: | S&P 500
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| Amount: | $645,000
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| Maturity: | Oct. 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at 50%; par if index falls by up to 20%; exposure to losses beyond 20%
|
| Initial index level: | 3,363.00
|
| Buffer level: | 2,690.40 or 80% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61771BS39
|
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