By Wendy Van Sickle
Columbus, Ohio, Oct. 5 – Morgan Stanley Finance LLC priced $14.05 million of 0% market-linked notes — upside participation with averaging and minimum return at maturity due Oct. 4, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus the greater of any increase in the average index return from the initial index level and 12%.
The average index return will be the average of its closing levels on the 27th of each March, June, September and December during the life of the notes.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked notes — upside participation with averaging and minimum return at maturity
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| Underlying index: | S&P 500
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| Amount: | $14,053,000
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| Maturity: | Oct. 4, 2024
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus greater of any increase in average index return from initial index level and 12%
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| Average index return: | Average of closing levels on 27th of each March, June, September and December during life of notes
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| Initial level: | 2,519.36
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| Pricing date: | Sept. 29
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| Settlement date: | Oct. 4
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.62%
|
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| Cusip: | 95000E3F4
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