By Sarah Lizee
Olympia, Wash., May 31 – Morgan Stanley Finance LLC priced $3.5 million of 0% trigger gears due May 31, 2023 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the upside gearing of 1.53 times the gain.
If the index falls but finishes at or above the 70% downside threshold level, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $3,503,000
|
| Maturity: | May 31, 2023
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index finishes above the initial level, par plus 1.53 times the gain; if index falls but finishes at or above 70% downside threshold, par; otherwise, 1% loss for each 1% decline
|
| Initial level: | 216.5555
|
| Downside threshold: | 151.5889, 70% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | May 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61766YCV1
|
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