New York, Oct. 10 – Morgan Stanley Finance LLC priced $1 million of 0% enhanced buffered jump securities due July 10, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above the 80% downside threshold, the payout at maturity will be par plus 17.31%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
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: | Enhanced buffered jump securities
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| Underlying index: | S&P 500 index
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| Amount: | $1 million
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| Maturity: | July 10, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above downside threshold level, par plus 17.31%; otherwise, 1.25% loss for every 1% that index declines beyond 20%
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| Initial level: | 3,783.28
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| Upside payment: | 17.31%
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| Downside threshold: | 3,026.624, 80% of initial level
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| Buffer: | 20%
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| Pricing date: | Oct. 5
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| Settlement date: | Oct. 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.125%
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| Cusip: | 61774HPN2
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