By Sarah Lizee
Olympia, Wash., Sept. 12 – Morgan Stanley Finance LLC priced $7.3 million of 0% buffered PLUS notes due March 3, 2022 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 200% of the index gain, capped at $11.85 per $10 of notes, if the index finishes above its initial value.
Investors will receive par if the index declines but not more than 10%.
Otherwise, investors will be exposed to the losses of the index beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Morgan Stanley Finance LLC
|
Guarantor: | Morgan Stanley
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Issue: | Buffered PLUS
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Underlying index: | S&P 500
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Amount: | $7,303,480
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Maturity: | March 3, 2022
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Coupon: | 0%
|
Price: | Par
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Payout at maturity: | Par plus 200% of the index percent increase, capped at $11.85 per $10 of notes, if index finishes above initial level; par if index declines but not more than 10%; exposure to losses of index beyond 10% buffer
|
Initial level: | 2,926.46
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Buffer level: | 2,633.814, 90% of initial level
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Pricing date: | Aug. 30
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Settlement date: | Sept. 5
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 61769Q717
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