By Marisa Wong
Morgantown, W.Va., May 8 – Morgan Stanley Finance LLC priced $2.81 million of 0% trigger gears due April 30, 2027 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.98 times the index return.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $2,811,700
|
| Maturity: | April 30, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 2.98 times the index return; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
| Initial level: | 3,578.71
|
| Downside threshold: | 2,505.10, 70% of initial level
|
| Pricing date: | April 26
|
| Settlement date: | April 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61766W170
|
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