By Marisa Wong
Morgantown, W.Va., July 13 – Morgan Stanley Finance LLC priced $2.34 million of 0% trigger gears due June 30, 2023 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.625 times the index return.
Investors will receive par if the index declines by 20% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 20%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,342,250
|
| Maturity: | June 30, 2023
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 1.625 times the index return; par if the index declines by 20% or less; full exposure to the index’s decline from its initial level if it declines by more than 20%
|
| Initial level: | 2,723.06
|
| Downside threshold: | 2,178.45, 80% of initial level
|
| Pricing date: | June 26
|
| Settlement date: | June 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61768Q650
|
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