By Wendy Van Sickle
Columbus, Ohio, March 28 – Morgan Stanley Finance LLC priced $711,000 of 0% buffered Performance Leveraged Upside Securities due April 1, 2024 linked to the Dow Jones Industrial Average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 125% of any index gain.
Investors will receive par if the index falls by up to 15% and will lose 1% for each 1% decline beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Dow Jones Industrial Average
|
| Amount: | $711,000
|
| Maturity: | April 1, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain; par if the index falls by up to 15%; 1% loss for each 1% decline beyond 15%
|
| Initial level: | 25,657.73
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.3%
|
| Cusip: | 61768DV77
|
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