By Wendy Van Sickle
Columbus, Ohio, Nov. 11 – Morgan Stanley Finance LLC priced $40 million of 0% Performance Leveraged Upside Securities due Nov. 8, 2024 linked to the PHLX Semiconductor Sector index, the MSCI ACWI IMI Fintech index and the MSCI ACWI IMI Cybersecurity index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If both indexes finish above their initial levels, the payout at maturity will be par plus 1.6 times the gain of the least performing index.
Investors will be exposed to any losses of the least performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying indexes: | MSCI ACWI IMI Cybersecurity, MSCI ACWI IMI Fintech and PHLX Semiconductor Sector
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| Amount: | $40 million
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| Maturity: | Nov. 8, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.6 times any gain of least performing index; exposure to any losses of least performer
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| Initial levels: | 3,756.55 for PHLX Semiconductor, 3,169.59 for Cybersecurity, 3,361.72 for Fintech
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| Pricing date: | Nov. 5
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| Settlement date: | Nov. 10
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 61773HDC0
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