By Susanna Moon
Chicago, July 11 – Morgan Stanley Finance LLC priced $500,000 of 0% dual directional trigger Performance Leveraged Upside Securities due July 5, 2023 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 125% of the gain.
If the index falls by up to 30%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to any losses.
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: | Dual directional trigger Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $500,000
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Maturity: | July 5, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 125% of return; if index falls by up to 30%, par plus absolute return; otherwise, 1% loss per 1% decline
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Initial level: | 2,718.37
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Trigger level: | 1,902.859, 70% of initial level
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Pricing date: | June 29
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Settlement date: | July 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.25%
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Cusip: | 61768C3V7
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