By Sarah Lizee
Olympia, Wash., Jan. 2 – Morgan Stanley Finance LLC priced $797,000 of 0% participation securities due Dec. 30, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain.
Investors will be exposed to 50% of any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Participation securities
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Underlying index: | S&P 500
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Amount: | $797,000
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Maturity: | Dec. 30, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; 0.5% loss for each 1% decline in index
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Initial index level: | 3,221.22
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Pricing date: | Dec. 20
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Settlement date: | Dec. 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.25%
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Cusip: | 61769H2A2
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