New York, Sept. 5 – Morgan Stanley Finance LLC priced $1.65 million of 0% enhanced trigger jump securities due Sept. 1, 2028 linked to the SPDR S&P 500 ETF Trust, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF gains or ends above the $336.87, which is 75% of the initial share price, downside threshold the payout at maturity will be par plus the greater of the ETF return and 25.5%. Investors will lose 1% for every 1% that the ETF declines if it finishes below the downside threshold level.
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: | Enhanced trigger jump securities
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| Underlying ETF: | SPDR S&P 500 ETF Trust
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| Amount: | $1,647,000
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| Maturity: | Sept. 1, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If ETF finishes at or above downside threshold level, par plus greater of the ETF return and 25.5%; 1% loss for every 1% that ETF declines if it finishes below downside threshold level
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| Initial level: | $449.16
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| Upside payment: | 25.5%
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| Downside threshold: | $336.87, 75% of initial level
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| Pricing date: | Aug. 29
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| Settlement date: | Sept. 1
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61775HTJ6
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