By Sarah Lizee
Olympia, Wash., Feb. 25 – Morgan Stanley Finance LLC priced $605,000 of 0% dual directional buffered Performance Leveraged Upside Securities due Feb. 23, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 138% of the gain.
If the index falls but not by more than 15%, the payout will be par plus the absolute value of the return of the index.
Otherwise, investors will be exposed to any decline in the index beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Dual directional buffered Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $605,000
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| Maturity: | Feb. 23, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus 138% of the index return; if index falls by up to buffer, par plus absolute value of the return of the index; otherwise, exposure to any decline of index beyond buffer
|
| Initial level: | 3,836.54
|
| Buffer level: | 3,261.059, 85% of initial level
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61770FLQ7
|
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