By William Gullotti
Buffalo, N.Y., Sept. 28 – Morgan Stanley Finance LLC priced $2.47 million of 0% enhanced buffered jump securities due Oct. 25, 2024 linked to the West Texas Intermediate Light Sweet Crude Oil Futures Contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the commodity finishes at or above its 75% downside threshold, the payout at maturity will be par plus 16.65%.
Otherwise, investors will lose 1.3333% for every 1% decline beyond 25%.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Enhanced buffered jump securities
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| Underlying commodity: | West Texas Intermediate Light Sweet Crude Oil Futures Contracts
|
| Amount: | $2,469,000
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| Maturity: | Oct. 25, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If commodity finishes at or above downside threshold, par plus 16.65%; otherwise, 1.3333% loss for every 1% decline beyond 25%
|
| Initial level: | $90.03
|
| Downside threshold: | $67.5225; 75% of initial level
|
| Pricing date: | Sept. 22
|
| Settlement date: | Sept. 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 61774FCQ3
|
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