New York, Dec. 6 – Morgan Stanley Finance LLC priced $2.74 million of 0% Buffered Performance Leveraged Upside Securities due May 3, 2024 linked to the iShares MSCI Emerging Markets ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 200% of the index return subject to a maximum return of par plus 21.9%. Investors will receive par if the index 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.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | iShares MSCI Emerging Markets ETF
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| Amount: | $2,737,700
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| Maturity: | May 3, 2024
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 200% of any index gain, up to par plus 21.9%; par if index declines by up to 10%; exposure to losses beyond 10%
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| Initial level: | $50.92
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| Buffer level: | $45.828, of initial level
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| Upside leverage: | 200%
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| Cap: | 21.9%
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| Pricing date: | Oct. 29
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| Settlement date: | Nov. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3% including a structuring fee of 0.5%
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| Cusip: | 61773G242
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