By Wendy Van Sickle
Columbus, Ohio, Dec. 28 – Morgan Stanley Finance LLC priced $3.1 million of 0% buffered Performance Leveraged Upside Securities due Dec. 29, 2023 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.
If the index return is positive, the payout at maturity will be par plus 124% of the index return.
Investors will receive par if the index declines by up to 20% and will lose 1% for every 1% that it declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $3,099,000
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| Maturity: | Dec. 29, 2023
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is positive, par of $10 plus 124% of the index return; par if index drops up to 20%; 1% loss for every 1% decline beyond 20%
|
| Initial level: | 2,416.62
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61768DTL9
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