By William Gullotti
Buffalo, N.Y., Jan. 12 – Morgan Stanley Finance LLC priced $250,000 of 0% buffered participation securities due Aug. 31, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain capped at par plus 34%.
Investors will receive par if the index declines by up to 15% and will lose 1% for every 1% index decline beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered participation securities
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Underlying index: | S&P 500
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Amount: | $250,000
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Maturity: | Aug. 31, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain, capped at par plus 34%; par if index falls by up to buffer; 1% loss for every 1% index decline beyond buffer
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Initial index level: | 4,470.0
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Buffer level: | 3,799.5 or 85% of initial level
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Pricing date: | Aug. 26
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.25%
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Cusip: | 61773FNW9
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