New York, May 9 – Morgan Stanley Finance LLC priced $2 million of 0% enhanced trigger jump securities due May 3, 2028 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 75% downside threshold, the payout at maturity will be par plus 48.4%.
Otherwise, investors will lose 1% for every 1% that the index declines from 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: | Enhanced trigger jump securities
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Underlying index: | S&P 500 index
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Amount: | $2 million
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Maturity: | May 3, 2028
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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 48.4%; otherwise, 1% loss for every 1% that index declines from initial level
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Initial level: | 4,169.48
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Upside payment: | 48.4%
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Downside threshold: | 3,127.11, 75% of initial level
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Pricing date: | April 28
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Settlement date: | May 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61774XA86
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