By Marisa Wong
Morgantown, W.Va., April 10 – Morgan Stanley Finance LLC priced $16.68 million of 0% trigger absolute return step securities due March 31, 2022 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 at or above its initial level, the payout at maturity will be par plus the greater of the index return and the step return of 51%.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par plus the absolute value of the return.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger absolute return step securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $16,676,840
|
| Maturity: | March 31, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 51%; if the index falls but finishes at or above the 70% downside threshold level, par plus the absolute value of the return; otherwise, investors will be fully exposed to any losses
|
| Initial level: | 3,475.27
|
| Downside threshold: | 2,432.69, 70% of initial level
|
| Pricing date: | March 29
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61766V628
|
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