By Sarah Lizee
Olympia, Wash., Sept. 5 – Morgan Stanley Finance LLC priced $4.34 million of 0% buffered PLUS notes due Sept. 4, 2024 tied to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 118.5% of the index percent increase if the index finishes above its initial value.
Investors will receive par if the index declines but not more than 25%.
Otherwise, investors will be exposed to the losses of the index beyond the 25% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered PLUS
|
| Underlying index: | S&P 500
|
| Amount: | $4,337,000
|
| Maturity: | Sept. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 118.5% of the index percent increase if index finishes above initial level; par if index declines but not more than 25%; exposure to losses of index beyond 25% buffer
|
| Initial level: | 2,924.58
|
| Buffer level: | 2,193.435, 75% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Sept. 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61769HQP3
|
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