By Sarah Lizee
Olympia, Wash., Feb. 20 – Morgan Stanley Finance LLC priced $1.65 million of 0% buffered Performance Leveraged Upside Securities due Feb. 23, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above the initial level, the payout at maturity will be par plus 118% of the gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will be exposed to any losses beyond the buffer.
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: | S&P 500
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Amount: | $1,649,000
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Maturity: | Feb. 23, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 118% of any index gain; if index falls by up to 20%, par; otherwise, exposure to losses beyond 20%
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Initial index level: | 2,775.60
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Buffer level: | 2,220.48, 80% of initial level
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Pricing date: | Feb. 15
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Settlement date: | Feb. 22
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768DG90
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