By Wendy Van Sickle
Columbus, Ohio, Jan. 14 – Morgan Stanley Finance LLC priced $3.67 million of 0% buffered Performance Leveraged Upside Securities due Feb. 10, 2022 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return, subject to a maximum return of 13.25%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
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 Performance Leveraged Upside Securities
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Underlying index: | Russell 2000
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Amount: | $3.67 million
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Maturity: | Feb. 10, 2022
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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 200% of index return, subject to 13.25% maximum return; par if index declines by 10% or less; 1% loss for every 1% that index declines beyond 10%
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Initial level: | 2,057.92
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Buffer level: | 1,852.1128 or 90% of initial level
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Trade date: | Jan. 7
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Settlement date: | Jan. 11
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.1%
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Cusip: | 61771EE38
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