By Sarah Lizee
Olympia, Wash., March 10 – Morgan Stanley Finance LLC priced $4.86 million of 0% dual directional trigger PLUS notes due March 3, 2023 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay par plus 200% of any gain, capped at par plus 45.5%.
If the index falls by up to 20%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the losses of the index.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Dual directional trigger PLUS notes
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Underlying index: | Euro Stoxx 50
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Amount: | $4,858,020
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Maturity: | March 3, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 200% of any gain, capped at par plus 45.5%; par plus absolute return of the index if final value falls by up to trigger level; otherwise, full exposure to losses
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Initial level: | 3,329.49
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Trigger level: | 2,663.592, 80% of initial level
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Pricing date: | Feb. 28
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Settlement date: | March 4
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 3%
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Cusip: | 61770G245
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