By Angela McDaniels
Tacoma, Wash., Aug. 1 – Morgan Stanley Finance LLC priced $1.81 million of 0% dual directional trigger jump securities due July 31, 2024 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the lesser-performing index’s return and 35%.
If either index finishes below its initial level but each index finishes at or above its downside threshold value, 70% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.
If either index finishes below its downside threshold value, investors will lose 1% for every 1% that the lesser-performing index declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger jump securities
|
| Underlying indexes: | Dow Jones industrial average and Russell 2000
|
| Amount: | $1,813,000
|
| Maturity: | July 31, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index finishes at or above initial level, par plus greater of lesser-performing index’s return and 35%; if either index finishes below initial level but each index finishes at or above downside threshold value, par plus absolute value of lesser-performing index’s return; if either index finishes below downside threshold value, 1% loss for every 1% that lesser-performing index declines from initial level
|
| Initial levels: | 27,192.45 for Dow and 1,578.967 for Russell 2000
|
| Trigger levels: | 19,034.715 for Dow and 1,105.277 for Russell 2000, or 70% of initial levels
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| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.125%
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| Cusip: | 61769HJS5
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