By William Gullotti
Buffalo, N.Y., April 25 – Morgan Stanley Finance LLC priced $6.98 million of 0% leveraged buffered index-linked notes due June 14, 2024 tied to the MSCI EAFE index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 1.7 times the index gain, subject to a maximum return of par plus 17.51%.
Investors will receive par if the index falls by up to 12.5% and will share in losses at a rate of 1.1429% per 1% drop beyond the 12.5% 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: | Leveraged buffered index-linked notes
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Underlying index: | MSCI EAFE index
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Amount: | $6,982,000
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Maturity: | June 14, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 1.7 times the index gain, capped at 17.51%; par if index falls by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5% buffer
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Initial level: | 2,147.82
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Buffer level: | 1,879.3425; 87.5% of initial level
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Pricing date: | April 20
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Settlement date: | April 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61774XQN6
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