By Taylor Fox
New York, Feb. 1 – Morgan Stanley Finance LLC priced $4.5 million of 0% Performance Leveraged Upside Securities (PLUS) notes due Jan. 7, 2025 linked to an index basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the Euro Stoxx 50 index, with a 75% weight, and the Tokyo Stock Price index, with a 25% weight.
If the final basket level is at least the initial level, the payout at maturity will be par plus 170% of the increase in the basket.
Investors will be exposed to any decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. Inc. is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | Euro Stoxx 50 index, with a 75% weight, and the Tokyo Stock Price index, with a 25% weight
|
| Amount: | $4.5 million
|
| Maturity: | Jan. 7, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 170% of any basket gain if basket finishes above initial level; otherwise, full exposure to losses of basket
|
| Initial levels: | 3,571.59 for Stoxx and 1,804.68 for Tokyo Stock
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | Morgan Stanley & Co. Inc.
|
| Fees: | 3%
|
| Cusip: | 61771J339
|
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