Chicago, Sept. 15 – Morgan Stanley Finance LLC priced $1.42 million of 0% market-linked securities – leveraged upside participation to a cap and contingent downside due March 6, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain, capped at par plus 70%.
Investors will receive par if the index falls by up to 20% and will be fully exposed to losses if the index declines more than 20%.
Morgan Stanley guaranteed the notes.
Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked securities – leveraged upside participation to a cap and contingent downside
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Underlying index: | S&P 500 index
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Amount: | $1,417,000
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Maturity: | March 6, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain, capped at par plus 70%; par if index falls by up to 20%; 1% loss for each 1% decline from initial level
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Initial level: | 4,507.66
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Buffer level: | 3,606.128; 80% of initial level
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Pricing date: | Aug. 31
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Settlement date: | Sept. 6
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Agents: | Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
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Fees: | 3.96%
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Cusip: | 61775HTA5
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