By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Morgan Stanley Finance LLC priced $1 million of 0% buffered Performance Leveraged Upside Securities due Jan. 3, 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 positive, the payout at maturity will be par plus 240% of the index return.
Investors will receive par if the index declines by up to 30% and will lose 1% for every 1% that it declines beyond 30%.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is handling distribution.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $1 million
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| Maturity: | Jan. 3, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 240% of the index return; par if index drops up to 30%; 1% loss for every 1% decline beyond 30%
|
| Initial level: | 2,986.53
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| Buffer level: | 2,090.571, 70% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Jan. 3
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
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| Fees: | 0.9%
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| Cusip: | 61768DSR7
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