By Susanna Moon
Chicago, Dec. 6 – Morgan Stanley Finance LLC priced $ 521,000 of 0% trigger Performance Leveraged Upside Securities due Nov. 30, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes above its initial level, the payout at maturity will be par plus 270% of the return of the worse performing index.
If either index falls by up to its 60% trigger level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the worse performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Euro Stoxx 50 and Russell 2000
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| Amount: | $521,000
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| Maturity: | Nov. 30, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If each index gains, par plus 270% of return of worse performing index; if either index falls by up to trigger, par; otherwise, 1% loss per 1% decline of worse performing index
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| Initial levels: | 3,564.02 for Stoxx and 1,513.309 for Russell
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| Trigger levels: | 2,138.412 for Stoxx and 907.985 for Russell; 60% of initial levels
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| Pricing date: | Nov. 27
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 4%
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| Cusip: | 61768CSZ1
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