New York, July 20 – Morgan Stanley Finance LLC priced $1.6 million of 0% buffered jump securities due July 10, 2026 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 its initial level, the payout at maturity will be par plus 30%.
Investors will receive par if the index declines by 17% or less and will lose 1% for every 1% that the index declines beyond 17%.
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 jump securities
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| Underlying index: | S&P 500 index
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| Amount: | $1,601,000
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| Maturity: | July 10, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is zero or positive, par plus 30%; par if index declines by 17% or less; otherwise, 1% loss for every 1% that index declines beyond 17%
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| Initial level: | 4,398.95
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| Upside payment: | 30%
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| Buffer: | 17%
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| Pricing date: | July 7
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| Settlement date: | July 12
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61775HGY7
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