New York, June 15 – Morgan Stanley Finance LLC priced $1.01 million of 0% dual directional buffered PLUS due June 14, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout will be par plus 113% of the index return.
The payout will be par plus the absolute value of the index return if the index declines by no more than 15%.
Otherwise, investors will lose 1% for every 1% that the index declines beyond 15%.
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: | Dual directional buffered PLUS
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Underlying index: | S&P 500 index
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Amount: | $1,008,000
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Maturity: | June 14, 2029
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index gains, par plus 113% of index return; par plus absolute value of index return if index declines by no more than 15%; otherwise, 1% loss for every 1% that index declines beyond buffer
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Initial level: | 4,298.86
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Upside leverage: | 113%
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Buffer: | 15%
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Buffer level: | 3,654.031, 85% of initial level
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Pricing date: | June 9
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Settlement date: | June 14
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.4%
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Cusip: | 61774X3S0
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