New York, March 13 – Morgan Stanley Finance LLC priced $9.4 million of fixed income buffered securities due Sept. 10, 2025 linked to the S&P 500 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 7.35%, paid monthly.
If the worst performing index finishes at or above 80% of initial level, the payout at maturity will be par.
Otherwise, investors will lose 1.25% for every 1% that the worst performing index declines 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: | Fixed income buffered securities
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| Underlying indexes: | S&P 500 index and Nasdaq-100 index
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| Amount: | $9.4 million
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| Maturity: | Sept. 10, 2025
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| Coupon: | 7.35%, paid monthly
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| Price: | Par
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| Payout at maturity: | If worst performing index finishes at or above 80% of initial level, par; otherwise, 1.25% loss for every 1% that worst performing index declines beyond 20%
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| Initial levels: | 17,897.87 for Nasdaq-100, 5,078.65 for S&P 500
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| Buffer: | 20%
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| Strike date: | March 5
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| Pricing date: | March 6
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| Settlement date: | March 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61776LAK3
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