By William Gullotti
Buffalo, N.Y., April 11 – Morgan Stanley Finance LLC priced $4.6 million of 0% buffered participation securities due April 9, 2027 linked to a weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with an 80% weight and the MSCI EAFE index with a 20% weight.
If the basket finishes above the initial level, the payout at maturity will be par plus 104% of the return.
If the basket finishes flat or declines up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the basket 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 participation securities
|
| Underlying indexes: | S&P 500 index, MSCI EAFE index
|
| Amount: | $4,595,000
|
| Maturity: | April 9, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the basket finishes positive, par plus 104% of the gain; if the basket falls by up to 20%, par; otherwise, 1% loss for each 1% loss of the basket beyond buffer level
|
| Initial levels: | 4,481.15 for S&P, 2,141.33 for EAFE
|
| Buffer levels: | 80% of initial levels
|
| Pricing date: | April 6
|
| Settlement date: | April 11
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61773QH44
|
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