Chicago, Feb. 28 – Morgan Stanley Finance LLC priced $300,000 of 0% dual directional buffered PLUS due Jan. 22, 2029 linked to the worst performing of the S&P 500 index and Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the worst performing index gains the payout will be par plus 113.7% of the worst performing index return.
The payout will be par plus half the absolute value of the worst performing index return if the worst performing index declines but by no more than the 30% 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
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered PLUS
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| Underlying indexes: | S&P 500 index and Dow Jones industrial average
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| Amount: | $300,000
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| Maturity: | Jan. 22, 2029
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If worst performing index gains par plus 113.7% of worst performing index return; par plus half absolute value of worst performing index return if worst performing index declines but by no more than the 30% buffer; 1% loss for every 1% that worst performing index declines beyond buffer
|
| Initial levels: | 37,266.67 for Dow, 4,739.21 for S&P
|
| Buffer levels: | 26,086.669 for Dow, 3,317.447 for S&P, 70% of initial levels
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| Upside leverage: | 113.7%
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| Cap: | None
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| Buffer: | 30%
|
| Call: | Non-callable
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| Pricing date: | Jan. 17
|
| Settlement date: | Jan. 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61771WNJ3
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