New York, April 22 – Morgan Stanley Finance LLC priced $2.19 million of 0% Buffered PLUS due April 16, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 190% of the index return.
Investors will receive par if the index declines by 30% or less and will lose 1% for every 1% that it declines beyond 30%.
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 PLUS
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Underlying index: | S&P 500 Futures Excess Return index
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Amount: | $2,187,000
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Maturity: | April 16, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 190% of index return; par if index declines by 30% or less; otherwise, 1% loss for every 1% that index declines beyond 30%
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Initial level: | 454.50
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Buffer: | 30%
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Buffer level: | 318.15, 70% of initial level
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Upside leverage: | 190%
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Pricing date: | April 11
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Settlement date: | April 16
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61776LSQ1
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