By Marisa Wong
Morgantown, W.Va., March 2 – Morgan Stanley Finance LLC priced $1 million of 0% equity-linked partial principal at risk securities due Feb. 24, 2021 linked to the Euro Stoxx 50 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 of $1,000 plus 111% of any index gain. Investors will be exposed to losses as far as the minimum payout of $975 per security.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Equity-linked partial principal at risk securities
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Underlying index: | Euro Stoxx 50
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Amount: | $1 million
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Maturity: | Feb. 24, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 1.11 times index gain, exposure to losses subject to minimum payout of 97.5% of par
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Initial index level: | 3,441.46
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Final level: | Average of closing levels on five averaging dates ending Feb. 19, 2021
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Pricing date: | Feb. 23
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Settlement date: | Feb. 28
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2%
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Cusip: | 61768CG27
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