By Wendy Van Sickle
Columbus, Ohio, Feb. 21 – Morgan Stanley Finance LLC priced $1.12 million of 0% buffered participation securities due Feb. 18, 2022 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 final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the index finishes flat or falls by up to 19.1%, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 19.1%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,118,000
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| Maturity: | Feb. 18, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; par if index finishes flat or falls by up to 19.1%; otherwise, 1% loss for every 1% that the index declines beyond 19.1%
|
| Initial index level: | 2,775.6
|
| Pricing date: | Feb. 15
|
| Settlement date: | Feb. 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61768DQ81
|
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