By Marisa Wong
Morgantown, W.Va., Jan. 3 – Morgan Stanley Finance LLC priced $12.61 million of 0% trigger gears due Dec. 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 finishes above its initial level, the payout at maturity will be par plus 2.85 times the gain.
If the index finishes flat or falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying index: | Euro Stoxx 50 index
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| Amount: | $12,609,890
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| Maturity: | Dec. 31, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 2.85 times any index gain; par if index finishes at or above downside threshold; otherwise, investors will lose 1% for each 1% decline
|
| Initial level: | 3,278.72
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| Downside threshold: | 2,295.10, 70% of initial level
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| Pricing date: | Dec. 28
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| Settlement date: | Dec. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61766F649
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