By William Gullotti
Buffalo, N.Y., Nov. 9 – Morgan Stanley Finance LLC priced $10.67 million of 0% digital notes due Feb. 5, 2024 linked to the Energy Select Sector index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than or equal to 80% of the initial level, the payout at maturity will be par plus 19.7%.
Otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Digital notes
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Underlying index: | Energy Select Sector index
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Amount: | $10,665,000
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Maturity: | Feb. 5, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the index return is greater than or equal to 80% of the initial level, par plus 19.7%; otherwise, investors will lose 1.25% for every 1% that the index declines beyond 20%
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Initial index level: | 959.16
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Threshold level: | 767.328; 80% of initial level
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Pricing date: | Nov. 4
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Settlement date: | Nov. 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.92%
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Cusip: | 61774HF94
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