By William Gullotti
Buffalo, N.Y., Nov. 21 – Morgan Stanley Finance LLC priced $5 million of 0% buffer gears due Nov. 21, 2030 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 2.19 times any index gain.
Investors will receive par if the index declines by up to 25% and will lose 1% for every 1% decline of the index beyond 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffer gears
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $5 million
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| Maturity: | Nov. 21, 2030
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| Coupon: | 0%
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| Price: | Par of $10
|
| Payout at maturity: | Par plus 2.19 times any index gain; par if index declines by 25% or less; otherwise, lose 1% for every 1% decline beyond 25%
|
| Initial level: | 4,302.45
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| Downside threshold: | 3,226.84; 75% of initial level
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| Pricing date: | Nov. 16
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| Settlement date: | Nov. 21
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
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| Fees: | 3.5%
|
| Cusip: | 61775K431
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