Chicago, Aug. 14 – Morgan Stanley Finance LLC priced $1.13 million of 0% dual directional buffered PLUS due July 31, 2028 linked to the worst performing of the Dow Jones industrial average and Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 108% of the worst performing index return.
The payout will be par plus the absolute value of the worst performing index return if the worst performing index declines but by no more than the 25% buffer.
Investors will lose 1% for every 1% that the worst performing index declines beyond the buffer.
The securities are non-callable.
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: | Dual directional buffered PLUS
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Underlying indexes: | Dow Jones industrial average and Nasdaq-100 index
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Amount: | $1,131,000
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Maturity: | July 31, 2028
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If worst performing index gains par plus 108% of worst performing index return; par plus absolute value of worst performing index return if worst performing index declines but by no more than the 25% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
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Initial levels: | 35,520.12 for Dow, 15,499.26 for Nasdaq
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Buffer levels: | 26,640.09 for Dow, 11,624.445 for Nasdaq, 75% of initial levels
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Upside leverage: | 108%
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Cap: | None
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Buffer: | 25%
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Call: | Non-callable
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Pricing date: | July 26
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Settlement date: | July 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.25%
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Cusip: | 61775HFH5
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