By Wendy Van Sickle
Columbus, Ohio, March 6 – Morgan Stanley Finance LLC priced $1.75 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 115% of any index gain.
Investors will receive par if the index falls by up to 20% and will lose 1% for each 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,753,900
|
| Maturity: | March 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 115% of any index gain; par if the index falls by up to 20%; 1% loss for each 1% decline beyond 20%
|
| Initial level: | 2,784.49
|
| Buffer level: | 2,227.592, 80% of initial level
|
| Pricing date: | Feb. 28
|
| Settlement date: | March 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61768X226
|
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