By Susanna Moon
Chicago, Jan. 26 – Morgan Stanley Finance LLC priced $16.94 million of 0% accelerated return securities due Jan. 26, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 283% of any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below its 70% trigger level.
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: | Accelerated return securities
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Underlying index: | Euro Stoxx 50
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Amount: | $16.94 million
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Maturity: | Jan. 26, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 283% of any index gain; par if index falls by 30% or less; 1% loss for each 1% decline if index finishes below trigger
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Initial index level: | 3,665.28
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Trigger level: | 2,565.696, 70% of initial level
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Pricing date: | Jan. 22
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Settlement date: | Jan. 25
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.75%
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Cusip: | 61768CYX9
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