New York, Sept. 28 – Morgan Stanley Finance LLC priced $1.15 million of 0% Buffered PLUS due Nov. 27, 2024 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 300% of the fund return, subject to a maximum return of par plus 18.3%.
Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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: | Buffered PLUS
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Underlying fund: | Energy Select Sector SPDR Fund
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Amount: | $1.15 million
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Maturity: | Nov. 27, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If fund return is positive, par plus 300% of fund return, subject to a maximum return of par plus 18.3%; par if fund declines by 10% or less; otherwise, 1% loss for every 1% that fund declines beyond 10%
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Initial level: | $89.31
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Buffer level: | $80.379, 90% of initial level
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Upside leverage: | 300%
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Cap: | 18.3%
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Pricing date: | Sept. 22
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Settlement date: | Sept. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.35%
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Cusip: | 61775H5K9
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