By Kiku Steinfeld
Chicago, July 16 – Morgan Stanley Finance LLC priced $1.23 million of 0% buffered participation securities due May 29, 2026 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 35%.
Investors will receive par if the index declines by up to 15% and will lose 1% for every 1% index decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,231,000
|
| Maturity: | May 29, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 35%; par if index falls by up to 15%; exposure to losses beyond 15%
|
| Initial index level: | 4,188.13
|
| Buffer level: | 3,559.911 or 85%
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.25%
|
| Cusip: | 61771VF62
|
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