New York, Dec. 15 – Morgan Stanley Finance LLC priced $2 million of 0% enhanced buffered jump securities due Jan. 16, 2025 linked to the SPDR S&P Regional Banking ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above the 85% downside threshold, the payout at maturity will be par plus 11.6%.
Otherwise, investors will lose 1% for every 1% that the ETF declines beyond 15%.
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: | Enhanced buffered jump securities
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Underlying ETF: | SPDR S&P Regional Banking ETF
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Amount: | $2 million
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Maturity: | Jan. 16, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF finishes at or above downside threshold level, par plus 11.6%; otherwise, 1% loss for every 1% that ETF declines beyond 15%
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Initial level: | $48.50
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Upside payment: | 11.6%
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Downside threshold: | $41.225, 85% of initial level
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Buffer: | 15%
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Pricing date: | Dec. 12
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Settlement date: | Dec. 15
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.875%
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Cusip: | 61775MW36
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