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Morgan Stanley plans buffered jump securities linked to S&P 500 index
By Angela McDaniels
Tacoma, Wash., Sept. 23 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 32%. If the index declines by 15% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
The notes will price Sept. 25.
The Cusip number is 61769HWA9.
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