By Susanna Moon
Chicago, Sept. 6 – Morgan Stanley Finance LLC priced $1.34 million of 0% buffered Performance Leveraged Upside Securities due Aug. 31, 2023 linked to the Dow Jones industrial average, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above the initial level, the payout at maturity will be par plus 123% of the gain.
If the index falls by up to 15%, the payout will be par.
Otherwise, investors will be exposed to any losses beyond the buffer.
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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Underlying index: | Dow Jones industrial average
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Amount: | $1,342,000
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Maturity: | Aug. 31, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 123% of any index gain; if index falls by up to 15%, par; otherwise, exposure to losses beyond 15%
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Initial levels: | 26,064.02
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Pricing date: | Aug. 28
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Settlement date: | Aug. 31
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Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
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Fees: | 3.3%
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Cusip: | 61768DBE4
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