By Angela McDaniels
Tacoma, Wash., Aug. 28 – Morgan Stanley priced $5 million of 0% trigger performance securities due Aug. 29, 2025 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 220% of the index return.
If the index return is zero or negative and the index’s final level is greater than or equal to the trigger level, 70% of the initial level, the payout will be par.
If the final level is less than the trigger level, investors will be fully exposed to the decline in the index from its initial level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Trigger performance securities
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $5,003,000
|
| Maturity: | Aug. 29, 2025
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 220% of index return; if index return is zero or negative and index’s final level is greater than or equal to trigger level, par; if final level is less than trigger level, full exposure to decline in index from its initial level
|
| Initial index level: | 190.5230
|
| Trigger level: | 133.3661, 70% of initial level
|
| Pricing date: | Aug. 26
|
| Settlement date: | Aug. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61765G838
|
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