By Wendy Van Sickle
Columbus, Ohio, April 27 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered participation securities due April 28, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% for every 1% decline beyond the 25% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered participation securities
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| Underlying index: | S&P 500
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| Amount: | $500,000
|
| Maturity: | April 28, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if the final index level is at least 75% of the initial level; otherwise, investors will be exposed to losses beyond the 25% buffer
|
| Initial index level: | 2,639.4
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4%
|
| Cusip: | 61768CS57
|
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