By Taylor Fox
New York, Jan. 21 – Morgan Stanley Finance LLC priced $2 million of 0% trigger Performance Leveraged Upside Securities due June 27, 2023 linked to the worst performing of the stocks or American Depositary Shares of Boeing Co., Alibaba Group Holding Ltd. and Clorox Co., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each stock finishes above its initial level, the payout at maturity will be par plus 600% of any gain of the worst performing stock.
If any stock falls but each remains at or above the 95% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses of the worst performing stock.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying stocks: | Boeing Co., Alibaba Group Holding Ltd. and Clorox Co.
|
| Amount: | $2 million
|
| Maturity: | June 27, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If worst-performing stock gains, par plus 600% of the return of the worst performing stock; if any stock falls by up to trigger level, par; otherwise, full exposure to any losses of worst performing stock
|
| Initial level: | $219.31 for Boeing, $260.43 for Alibaba and $202.45 for Clorox
|
| Trigger level: | $208.345 for Boeing, $247.409 for Alibaba and $192.328 for Clorox; 95% of initial level
|
| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61771EVV7
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