By William Gullotti
Buffalo, N.Y., March 15 – Morgan Stanley Finance LLC priced $10.89 million of 0% market-linked securities – leveraged upside participation and fixed percentage buffered downside due Sept. 2, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 188% of any index gain.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.
Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked securities – leveraged upside participation and fixed percentage buffered downside
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $10.89 million
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| Maturity: | Sept. 2, 2027
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 188% of any gain; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
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| Initial level: | 3,970.69
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| Buffer level: | 3,176.552; 80% of initial level
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| Pricing date: | Feb. 25
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| Settlement date: | March 2
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| Agents: | Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
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| Fees: | 4.42%
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| Cusip: | 61773H2L2
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