Morgan Stanley to price buffered participation securities on indexes

By Sarah Lizee

Olympia, Wash., Jan. 17 – Morgan Stanley Finance LLC plans to price 0% buffered participation securities due Jan. 29, 2025 linked to the least-performing of the Nasdaq-100 index, the S&P 500 index and the Dow Jones industrial average, according to an FWP filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

The payout at maturity will be par plus any gain of the least-performing index.

Investors will receive par if the least-performing index falls by up to 32% and will lose 1% for every 1% decline of the least-performing index beyond the 32% buffer.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61770FDR4) will price Jan. 24.

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