By Wendy Van Sickle
Columbus, Ohio, March 21 – Morgan Stanley Finance LLC priced $5.09 million of 0% digital notes due Sept. 1, 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 return is greater than or equal to initial level, the payout at maturity will be par plus the greater of the index return and 26.3%.
Otherwise, investors will be fully exposed the index decline.
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: | Euro Stoxx 50
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| Amount: | $5,085,000
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| Maturity: | Sept. 1, 2023
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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 initial level, par plus greater of index return and 26.3%; otherwise, investors will be fully exposed the index decline
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| Initial index level: | 3,889.69
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| Pricing date: | March 16
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| Settlement date: | March 23
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.51%
|
| Cusip: | 61773QRE1
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