By Angela McDaniels
Tacoma, Wash., Sept. 27 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered jump securities due Sept. 30, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus the greater of the index return and 32%.
If the final index level is less than the initial index level but greater than or equal to 85% of the initial index level, the payout will be par.
If the final index level is less than 85% of the initial index level, investors will lose 1% for every 1% that the index declines beyond 15%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $500,000
|
| Maturity: | Sept. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 32%; if final index level is less than initial index level but greater than or equal to 85% of initial index level, par; if final index level is less than 85% of initial index level, 1% loss for every 1% that index declines beyond 15%
|
| Initial level: | 2,984.87
|
| Pricing date: | Sept. 25
|
| Settlement date: | Sept. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61769HWA9
|
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