By Wendy Van Sickle
Columbus, Ohio, March 6 – Morgan Stanley Finance LLC priced $250,000 of 0% market-linked notes due March 5, 2025 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus of any gain of the high watermark of the index over the initial index level.
The high watermark will be the highest index closing level on any quarterly observation date.
If the index falls, the payout will be par.
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: | Market-linked notes
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Underlying index: | Morgan Stanley MAP Trend
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Amount: | $250,000
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Maturity: | March 5, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any high watermark index gain from initial level, floor of par
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High watermark index gain: | High closing level of index on any quarterly observation date
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Initial level: | 2361.71
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.5%
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Cusip: | 61770FHP4
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