By Wendy Van Sickle
Columbus, Ohio, Sept. 29 – Morgan Stanley Finance LLC priced $10.11 million of 0% buffered PLUS due Oct. 1, 2025 linked to the performance of an unequally-weighted basket of three indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Stoxx Europe 600 index with a 67.5% weight, the Nikkei 225 index with a 25% weight and the S&P/ASX 200 index with a 7.5% weight.
If the basket finishes positive, the payout at maturity will be par plus 157% of the basket return.
Investors will receive par if the basket declines up to 20% and lose 1% for every 1% decline beyond 20%.
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: | Buffered PLUS
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| Underlying indexes: | Stoxx Europe 600 index (67.5% weight), Nikkei 225 index (25% weight) and S&P/ASX 200 index (7.5% weight)
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| Amount: | $10.11 million
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| Maturity: | Oct. 1, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket gains, par plus 157% of basket return; if basket declines no more than 20%, par; otherwise, 1% loss for every 1% decline of the basket beyond 20%
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| Initial prices: | 388.75 for Stoxx, 26,431.55 for Nikkei, 6,469.411 for S&P/ASX
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| Buffer level: | 80% of initial level
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| Pricing date: | Sept. 26
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| Settlement date: | Sept. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61774HFP8
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