By Sarah Lizee
Olympia, Wash., May 21 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger jump securities due Nov. 23, 2021 linked to the worst performing of the Russell 2000 index and the SPDR S&P Oil & Gas Exploration & Production ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset finishes at or above its initial level, the payout will be par plus 35%.
If either asset falls by up to 40%, the payout at maturity will be par.
If any asset finishes below 60% of its initial level, investors will be fully exposed to the decline of the least performing asset from its 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 jump securities
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| Underlying assets: | Russell 2000 index and SPDR S&P Oil & Gas Exploration & Production ETF
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| Amount: | $250,000
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| Maturity: | Nov. 23, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset finishes at or above its initial level, par plus 35%; if either asset falls by up to downside threshold, par; if any asset finishes below downside threshold, investors will be fully exposed to the decline of the least performing asset from its initial level
|
| Initial levels: | 1,333.689 for index, $52.94 for ETF
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| Downside thresholds: | 800.213 for index, $31.764 for ETF; 60% of initial levels
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| Pricing date: | May 18
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| Settlement date: | May 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.25%
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| Cusip: | 61771BCM4
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