By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – Morgan Stanley Finance LLC priced $639,000 of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above the initial level, the payout at maturity will be par plus 1.13 times the index gain.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be exposed to any losses beyond the 30% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $639,000
|
| Maturity: | Nov. 3, 2023
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 113% of any index gain; if index falls by up to 30%, par; otherwise, 1% loss per 1% loss beyond 30%
|
| Initial level: | 2,711.74
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.125%
|
| Cusip: | 61768DGR0
|
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