New York, June 8 – Morgan Stanley Finance LLC priced $2.16 million of 0% dual directional buffered participation securities due May 31, 2029 linked to the S&P 500 index, 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 1.06 times the index return.
Investors will receive par plus the absolute return of the index if it declines by no more than 20% buffer will be exposed to any decline in the index beyond 20%.
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: | Dual directional buffered participation securities
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Underlying index: | S&P 500 index
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Amount: | $2,164,000
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Maturity: | May 31, 2029
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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 1.06 times index return; par plus absolute return of index if it declines by no more than 20%; otherwise, 1% loss for each 1% decline of index beyond buffer
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Initial level: | 4,151.28
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Buffer: | 20%
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Pricing date: | May 25
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Settlement date: | May 31
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4.25%
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Cusip: | 61774XSX2
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