Morgan Stanley plans dual directional buffered jump notes on indexes

By Devika Patel

Knoxville, Tenn., June 26 – Morgan Stanley Finance LLC plans to price 0% dual directional buffered jump securities due Aug. 5, 2025 linked to the least performing of the S&P 500 index and the Russell 2000 index, according to an FWP with the Securities and Exchange Commission.

The notes will be guaranteed by Morgan Stanley.

If the least performing index finishes at or above its initial level, the payout at maturity will be par plus the upside payment of 36.75% to 46.75%. The exact upside payment will be set at pricing.

If the least performing index falls but finishes at or above the downside threshold level, 85% of the initial index level, the payout will be par plus the absolute value of the least performing index return.

If the least performing index finishes below the downside threshold level, investors will lose 1% for every 1% that the least performing index declines beyond 15%.

Morgan Stanley & Co. LLC is the agent.

The notes (Cusip: 61771BRD8) will price on July 31 and settle on Aug. 5.

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