By Sarah Lizee
Olympia, Wash., Feb. 11 – Morgan Stanley Finance LLC priced $2 million of 0% trigger Performance Leveraged Upside Securities due Feb. 12, 2024 linked to the Euro Stoxx Banks index, according to a 424B2 filed 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 815% of the gain, with payout capped at $3,037.50 per $1,000 PLUS.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks index
|
| Amount: | $2 million
|
| Maturity: | Feb. 12, 2024
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index gains, par plus 815% of the gain, capped at $3,037.50 per $1,000 PLUS; par if index falls by up to 30%; otherwise, 1% loss per 1% decline
|
| Initial level: | 92.36
|
| Trigger level: | 64.652, 70% of initial level
|
| Pricing date: | Feb. 7
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| Settlement date: | Feb. 12
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 5%
|
| Cusip: | 61768DQ40
|
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