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Morgan Stanley to price buffered jump securities linked to S&P 500
New York, July 20 – Morgan Stanley Finance LLC plans to price 0% buffered jump securities due Feb. 1, 2023 linked to the S&P 500 index, according to an FWP filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is zero or positive, the payout at maturity will be par plus the upside payment of 31% to 35%. The exact upside payment will be set at pricing.
If the index is declines by 25% or less, the payout will be par. Otherwise, investors will lose 1% for every 1% that the index declines beyond the 25% buffer amount.
Morgan Stanley & Co. LLC is the agent.
The notes will price on July 27 and settle on July 31.
The Cusip number is 61768DAL9.
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