By Wendy Van Sickle
Columbus, Ohio, April 2 – Morgan Stanley Finance LLC priced $3.4 million of 0% trigger Performance Leveraged Upside Securities due April 4, 2024 linked to the Euro Stoxx 50 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 3.15 times the return.
If the index falls by up to its 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
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 index: | Euro Stoxx 50
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Amount: | $3,398,170
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Maturity: | April 4, 2024
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 315% of any index gain; if index falls by up to trigger, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,361.5
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Trigger level: | 2,184.975, 65% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 3.5%
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Cusip: | 61768P181
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