By Wendy Van Sickle
Columbus, Ohio, June 21 – Morgan Stanley Finance LLC priced $1 million of 0% buffered participation securities due June 21, 2024 linked to the Nasdaq-100 index, according to a 424B2 with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus any index gain up to a maximum payout of par plus 62%.
Investors will receive par if the index falls by up to 20% and will lose 1% for every 1% decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered participation securities
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| Underlying index: | Nasdaq-100
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| Amount: | $1 million
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| Maturity: | June 21, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain up to a maximum payout of par plus 62%; par if the final index level is at least 80% of the initial level; otherwise, investors will be exposed to losses beyond the 20% buffer
|
| Initial index level: | 7,667.738
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| Buffer level: | 6,134.19, 80% of initial level
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| Pricing date: | June 19
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| Settlement date: | June 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61769HHM0
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