By Angela McDaniels
Tacoma, Wash., Nov. 4 – Morgan Stanley Finance LLC priced $3.45 million of 0% buffered Performance Leveraged Upside Securities due Nov. 7, 2022 linked to the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of 45%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Morgan Stanley.
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 Performance Leveraged Upside Securities
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Underlying index: | Stoxx Europe 600
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Amount: | $3,445,000
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Maturity: | Nov. 7, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 45% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 396.75
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Pricing date: | Oct. 31
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Settlement date: | Nov. 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.5%
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Cusip: | 61769HE76
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