By Kiku Steinfeld
Chicago, Nov. 29 – Morgan Stanley Finance LLC priced $1.74 million of 0% buffered Performance Leveraged Upside Securities due March 5, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the fund return is positive, the payout at maturity will be par plus 200% of the fund return, subject to a maximum return of par plus 18.1%. Investors will receive par if the fund declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying fund: | iShares MSCI Emerging Markets ETF
|
| Amount: | $1,737,390
|
| Maturity: | March 5, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par plus 200% of fund return, subject to par plus 18.1% maximum return; par if fund declines by 10% or less; 1% loss for every 1% that fund declines beyond 10%
|
| Initial level: | $51.73
|
| Buffer level: | $46.557; 90% of initial level
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Selected dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3%
|
| Cusip: | 61772Y616
|
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