By Susanna Moon
Chicago, June 4 – Morgan Stanley Finance LLC priced $1.33 million of 0% buffered participation securities due May 30, 2023 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus any index gain.
Investors will receive par if the index falls by up to 25% and will be exposed to losses beyond the buffer.
The notes will be 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 participation securities
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Underlying index: | S&P 500 index
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Amount: | $789,000
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Maturity: | May 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any index gain; par if index falls by up to 25%; otherwise, 1% loss per 1% decline beyond 25%
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Initial index level: | 2,727.76
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Pricing date: | May 24
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Settlement date: | May 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61768CX44
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