By Kiku Steinfeld
Chicago, Dec. 5 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due April 5, 2027 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a fixed coupon of 1.75% each year, beginning on April 5, 2023.
If the index return is positive, the payout at maturity will be par plus 100% of the gain. Otherwise, investors will receive par.
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: | Market-linked notes
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Underlying index: | Morgan Stanley MAP Trend index
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Amount: | $250,000
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Maturity: | April 5, 2027
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Coupon: | 1.75% each year
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Price: | Par
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Payout at maturity: | If index return is positive, par plus gain; minimum payout of par
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Initial level: | 240.22
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Upside leverage: | 100%
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Cap: | None
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Pricing date: | March 31
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Settlement date: | April 5
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61773QHB8
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