New York, Nov. 7 – Morgan Stanley Finance LLC priced $7.25 million of 0% dual directional trigger jump securities due Nov. 5, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is flat or positive, the payout at maturity will be par plus the greater of the return and 54%.
If the index declines but finishes at or above the 80% downside threshold, investors will receive par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline of the index from initial 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: | Dual directional trigger jump securities
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| Underlying assets: | S&P 500 index
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| Amount: | $7,251,000
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| Maturity: | Nov. 5, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes flat or gains, par plus greater of index return and 54%; par plus absolute value of index return if index declines but finishes at or above downside threshold; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial levels: | 4,193.80
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| Upside payment: | 54%
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| Downside threshold: | 3,355.04, 80% of initial level
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| Pricing date: | Oct. 31
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| Settlement date: | Nov. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5% including a structuring fee of 0.5%
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| Cusip: | 61775MKS4
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