By Sarah Lizee
Olympia, Wash., Jan. 3 – Morgan Stanley Finance LLC priced $1.96 million of 0% equity-linked partial principal at risk securities due Jan. 2, 2024 linked to the Stoxx Global Select Dividend 100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 208% of the index return.
If the index finishes below its initial level, investors will be exposed to the decline, subject to a minimum payout of 95% of par.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Equity-linked partial principal at risk securities
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| Underlying index: | Stoxx Global Select Dividend 100 index
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| Amount: | $1.96 million
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| Maturity: | Jan. 2, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above initial level, par plus 208% of index return; if index finishes below initial level, exposure to decline, subject to minimum payout of 95% of par
|
| Initial level: | 2,969.79
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| Pricing date: | Dec. 23
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| Settlement date: | Dec. 27
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
|
| Cusip: | 61769H4W2
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