New York, June 27 – Morgan Stanley Finance LLC priced $3 million of 0% dual directional trigger jump securities due June 24, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 41%.
Investors will receive a 1% gain for each 1% loss in the underlying index if the index declines but finishes at or above the 70% downside threshold. Otherwise, investors will lose 1% for every 1% decline of the index from its initial level.
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: | Dual directional trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $3 million
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Maturity: | June 24, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 41%; 1% gain for each 1% loss if index declines but ends at or above downside threshold; otherwise, full exposure to loss
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Initial level: | 3,764.79
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Upside payment: | 41%
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Downside threshold: | 2,635.353, 70% of initial level
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Pricing date: | June 22
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Settlement date: | June 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61774DTD9
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