By Tali Rackner
Norfolk, Va., April 6 – Morgan Stanley Finance LLC priced $3.9 million of 0% trigger performance securities due March 31, 2026 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.
If the index return is positive, the payout at maturity will be par of $10 plus 225% of the index return.
If the index return is zero or negative and the final level is greater than or equal to the trigger level, 65% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Issue: | Trigger performance securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3,897,850
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| Maturity: | March 31, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 225% of any index gain; par if index falls by up to 35%; full exposure to any losses if index finishes below trigger level
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| Initial index level: | 3,004.87
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| Trigger level: | 1,953.17, 65% of initial level
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| Pricing date: | March 29
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| Settlement date: | March 31
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61766B101
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