By Kiku Steinfeld
Chicago, Oct. 17 – Morgan Stanley Finance LLC priced $1.81 million of 0% buffered jump securities due Oct. 3, 2024 linked to the worse performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the upside payment of 39% and the gain of the worse performing index.
If either index falls by up to 30% of its initial level, the payout will be par.
Otherwise, investors will lose 1.4286% for every 1% that the lesser-performing underlying index declines beyond 30%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying indexes: | S&P 500, Russell 2000
|
| Amount: | $1,812,000
|
| Maturity: | Oct. 3, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index gains, par plus greater of 39% and gain of worse performing index; if either index falls by up to 30%, par; otherwise, 1.4286% loss per every 1% decline of worse performing index beyond 30%
|
| Initial levels: | 2,976.74 for S&P and 1,523.373 for Russell
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61769HTS4
|
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