By Kiku Steinfeld
Chicago, Oct. 17 – Morgan Stanley Finance LLC priced $1.35 of 0% buffered participation securities due Oct. 3, 2024 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
If the index falls by up to 30% of its initial level, the payout will be par.
If the index falls by more than 30% of its initial level, investors will lose 1% for every 1% decline of the index beyond 30%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered participation securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,352,000
|
| Maturity: | Oct. 3, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain; if index falls by up to 30%, par; 1% loss for every 1% decline of index beyond 30%
|
| Initial index level: | 2,976.74
|
| Buffer level: | 2,083.718; 70% of initial level
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 61769HTT2
|
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