Chicago, Nov. 2 – Morgan Stanley Finance LLC priced $1.04 million of 0% buffered PLUS due Nov. 4, 2024 linked to the S&P 500 Futures Excess Return 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 200% of the index return subject to a maximum return of par plus 14%. Investors will receive par if the index declines by 20% or less and will lose 1.25% for every 1% that it declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered PLUS
|
| Underlying index: | S&P 500 Futures Excess Return index
|
| Amount: | $1.04 million
|
| Maturity: | Nov. 4, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 200% of index return subject to a maximum return of par plus 14%; par if index declines by 20% or less; 1.25% loss for every 1% that index declines beyond 20%
|
| Initial level: | 367.27
|
| Buffer level: | 293.816, 80% of initial level
|
| Buffer: | 20%
|
| Upside leverage: | 200%
|
| Cap: | 14%
|
| Pricing date: | Oct. 27
|
| Settlement date: | Nov. 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61775MQP4
|
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