By William Gullotti
Buffalo, N.Y., Feb. 9 – Morgan Stanley Finance LLC priced $3 million of 0% buffered Performance Leveraged Upside Securities due Feb. 9, 2028 linked to an equally-weighted index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index and the Euro Stoxx 50 index, each with a 50% weight.
If the return of basket is greater than or equal to its initial value, the payout will be par plus 136% of the basket return.
If the basket falls by up to 20%, the payout will be par.
If the basket falls by more than 20%, investors will lose 1% for every 1% decline of the basket beyond the 20% buffer.
The notes are guaranteed by Morgan Stanley.
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 Performance Leveraged Upside Securities
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| Underlying basket: | S&P 500 index, Euro Stoxx 50 index; equal weights
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| Amount: | $3 million
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| Maturity: | Feb. 9, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of basket is greater than or equal initial value, par plus 136% of basket return; if the basket falls by up to buffer, par; if the basket falls by more than buffer, 1% loss for every 1% decline of the basket beyond buffer
|
| Initial levels: | 4,500.53 for S&P, 4,086.58 for Stoxx
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| Buffer level: | 80% of initial basket level
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| Pricing date: | Feb. 4
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| Settlement date: | Feb. 9
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.33%
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| Cusip: | 61773U357
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