Morgan Stanley to price buffered participation securities on S&P 500

By Devika Patel

Knoxville, Tenn., April 11 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due April 30, 2024 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.

The notes are 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.

The notes (Cusip: 61768D4P7) will price April 25 and settle April 30.

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