By Marisa Wong
Morgantown, W.Va., Dec. 4 – Morgan Stanley priced $3.42 million of 0% trigger performance securities due Nov. 28, 2025 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 211.4% of any index gain.
Investors will receive par if the index falls by up to 30% and will be fully exposed to any losses if the index finishes below the 70% trigger level.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
Issuer: | Morgan Stanley
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Issue: | Trigger performance securities
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Underlying index: | Bloomberg Commodity Index 3 Month Forward
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Amount: | $3.42 million
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Maturity: | Nov. 28, 2025
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 211.4% of any index gain; par if index falls by up to 30%; full exposure to losses from initial level if index falls by more than 30%
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Initial level: | 186.4495
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Trigger level: | 130.5147, 70% of initial level
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Pricing date: | Nov. 24
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Settlement date: | Nov. 30
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Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61765U159
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