By Wendy Van Sickle
Columbus, Ohio, June 13 – Morgan Stanley Finance LLC priced $1.13 million of 0% buffered Performance Leveraged Upside Securities due June 9, 2023 linked to a basket of the S&P 500 index with an 80% weight and the iShares MSCI EAFE ETF with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
At maturity, if the basket gains, the payout will be par plus 121% of the basket return.
If the final basket value is less than the initial basket value but is greater than or equal to 80% of the initial basket value, investors will receive par.
If the final basket value is less than 80% of the initial basket value, investors will lose 1% for every 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Basket components: | S&P 500 index (80% weight) and iShares MSCI EAFE ETF (20% weight)
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| Amount: | $1,125,000
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| Maturity: | June 9, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the basket gains, par plus 121% of the basket return; if the final basket value is less than the initial basket value but is greater than or equal to 80% of the initial basket value, par; if the final basket value is less than 80% of the initial basket value, 1% loss for every 1% decline beyond 20%
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| Initial levels: | 2,843.49 for index, $64.74 for ETF
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| Trade date: | June 3
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| Settlement date: | June 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61769HGD1
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