New York, Dec. 18 – Morgan Stanley Finance LLC priced $1.48 million of 0% Trigger PLUS due Dec. 17, 2026 linked to the Energy Select Sector SPDR Fund, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 150% of the ETF return, subject to a maximum return of par plus 106.5%.
Investors will receive par if the ETF return is negative but ends at or above the 60% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger PLUS
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| Underlying ETF: | Energy Select Sector SPDR Fund
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| Amount: | $1,476,000
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| Maturity: | Dec. 17, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If fund return is positive, par plus 150% of fund return, subject to a maximum return of par plus 106.5%; par if fund declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that fund declines from initial level
|
| Initial level: | $81.20
|
| Trigger level: | $48.72, 60% of initial level
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| Upside leverage: | 150%
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| Cap: | 106.5%
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| Strike date: | Dec. 12
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| Pricing date: | Dec. 13
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| Settlement date: | Dec. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61771WCH9
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