By Wendy Van Sickle
Columbus, Ohio, Dec. 7 – Morgan Stanley Finance LLC priced $1.08 million of 0% trigger Performance Leveraged Upside Securities due Dec. 6, 2022 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the return of the lesser performing asset is positive, the payout at maturity will be par of $10 plus 279% of the lesser performing asset return.
If the lesser performing asset falls by up to 50%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline of the lesser performing asset from the initial level.
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 assets: | iShares MSCI EAFE and Euro Stoxx 50
|
| Amount: | $1.08 million
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| Maturity: | Dec. 6, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If lesser performing asset return is positive, par of $10 plus 279% of its return; par if lesser performing asset falls by up to 50%; 1% loss for every 1% decline from initial level if lesser performing asset drops more than 50%
|
| Initial levels: | 3,527.755 for index, $69.83 for fund
|
| Trigger levels: | 1,763.775 for index, $34.915 for fund, 50% of initial levels
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| Pricing date: | Dec. 1
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| Settlement date: | Dec. 6
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0%
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| Cusip: | 61768CVN4
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