Morgan Stanley to price buffered participation securities on Dow, S&P

By Wendy Van Sickle

Columbus, Ohio, Oct. 29 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due Nov. 14, 2025 linked to the least-performing of the S&P 500 index and the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any gain of the least-performing index, up to maximum payout of at least 178% of par.

Investors will receive par if the least-performing index falls by up to 40% and will lose 1% for every 1% decline of the least-performing index beyond the 40% buffer.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61769HF26) will price Nov. 8.

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