New York, Feb. 7 – Morgan Stanley Finance LLC priced $3.5 million of 0% enhanced buffered jump securities due Feb. 4, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains or ends above the 85% downside threshold the payout at maturity will be par plus 34.04%.
Investors will lose 1.1765% for every 1% that the index declines beyond the 15% buffer amount.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Enhanced buffered jump securities
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Underlying index: | S&P 500 index
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Amount: | $3.5 million
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Maturity: | Feb. 4, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index finishes at or above downside threshold level, par plus 34.04%; 1.1765% loss for every 1% that index declines beyond the buffer amount
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Initial level: | 4,119.21
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Downside threshold: | 3,501.329, 85% of initial level
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Buffer: | 15%
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Pricing date: | Feb. 2
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Settlement date: | Feb. 7
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Agent: | Morgan Stanley & Co. LLC
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Distributor: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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Fees: | 2.5%
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Cusip: | 61774TXW7
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