By Sarah Lizee
Olympia, Wash., March 1 – Morgan Stanley Finance LLC priced $1.48 million of 0% buffered Performance Leveraged Upside Securities due March 1, 2024 linked to a basket of the S&P 500 index with a 65% weight and the Euro Stoxx 50 index with a 35% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 151% of any basket gain.
If the basket finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 30%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Basket components: | S&P 500 index (65% weight) and Euro Stoxx 50 index (35% weight)
|
| Amount: | $1,475,000
|
| Maturity: | March 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 151% of any basket gain; if basket falls by up to 30%, par; otherwise, 1% loss per 1% decline beyond 30%
|
| Initial levels: | 2,792.38 for S&P, 3,282.77 for Stoxx
|
| Pricing date: | Feb. 27
|
| Settlement date: | March 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 61768DS71
|
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