By Wendy Van Sickle
Columbus, Ohio, Nov. 3 – Morgan Stanley Finance LLC priced $5.93 million of 0% market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside due Nov. 2, 2026 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 200% of any gain, up to a maximum payout of par plus 30%.
Investors will receive par if the index falls by up to 20% and will be exposed to any losses beyond the buffer.
Morgan Stanley guaranteed the notes.
Wells Fargo Securities, LLC and Morgan Stanley & Co. LLC are the agents.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked securities – leveraged upside participation to a cap and fixed percentage buffered downside
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Underlying index: | S&P 500 index
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Amount: | $5,931,000
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Maturity: | Nov. 2, 2026
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain, up to par plus 30%; par if index falls by up to 20%; 1% loss for each 1% decline beyond 20%
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Initial level: | 4,166.82
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Buffer level: | 3,333.456; 80% of initial level
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Pricing date: | Oct. 26
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Settlement date: | Oct. 30
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Agents: | Wells Fargo Securities LLC and Morgan Stanley & Co. LLC
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Fees: | 2.87%
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Cusip: | 61775MEV4
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