By Susanna Moon
Chicago, Jan. 2 – Morgan Stanley Finance LLC priced $2.65 million of 0% enhanced buffered jump securities due June 19, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its 90% downside threshold, the payout at maturity will be par of $10 plus the greater of any gain and the upside payment of 37%.
If the index falls below the downside threshold but at or above the 75% threshold, the payout will be par.
Otherwise, the payout will be par the return plus 25%.
Morgan Stanley & Co. LLC is the agent.
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: | Enhanced buffered jump securities
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| Underlying index: | S&P 500
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| Amount: | $2.65 million
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| Maturity: | June 19, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains or falls by up to 10%, par plus 37%; if index falls below 90% downside threshold but at or above 75% threshold, par; otherwise, par return plus 25%
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| Initial level: | 2,599.95
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 19
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 1%
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| Cusip: | 61768DUL7
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