By Sarah Lizee
Olympia, Wash., Jan. 15 – Morgan Stanley Finance LLC priced $4.1 million of 0% buffer securities due Jan. 19, 2024 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.
The payout at maturity will be par of $10 plus any index gain.
Investors will receive par if the index falls by up to 25% and will lose 1% per 1% drop beyond 25%.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffer securities
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| Underlying index: | S&P 500
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| Amount: | $4.1 million
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| Maturity: | Jan. 19, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus any index gain; par if the index falls by up to 25%; 1% loss per 1% drop beyond 25%
|
| Initial index level: | 3,288.13
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| Buffer level: | 2,466.10, 75% of initial level
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| Pricing date: | Jan. 13
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| Settlement date: | Jan. 16
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| Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61770E737
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