New York, March 22 – Morgan Stanley Finance LLC priced $1 million of 0% accelerated return securities due March 20, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus 145% of the index return.
Investors will receive par if the index declines by no more than 30% and will lose 1% for every 1% decline beyond 30%.
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: | Accelerated return securities
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $1 million
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| Maturity: | March 20, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If return of index is positive, par plus 145% of index return; par if index declines by no more than 30%; otherwise, 1% loss for every 1% that index declines beyond 30%
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| Initial level: | 4,034.92
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| Upside leverage: | 145%
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| Pricing date: | March 15
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| Settlement date: | March 20
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61774XAW3
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