New York, Jan. 9 – Morgan Stanley Finance LLC priced $2.5 million of 0% Trigger PLUS due Jan. 4, 2029 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 182% of the index return.
Investors will receive par if the index return is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
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: | Trigger PLUS
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $2,503,000
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| Maturity: | Jan. 4, 2029
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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 182% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 422.98
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| Trigger level: | 296.086, 70% of initial level
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| Upside leverage: | 182%
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| Pricing date: | Dec. 29
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| Settlement date: | Jan. 4
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.625%
|
| Cusip: | 61771WDJ4
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