By William Gullotti
Buffalo, N.Y., July 27 – Morgan Stanley Finance LLC priced $10.87 million of 0% trigger jump securities with downside principal exposure due Aug. 3, 2022 linked to the 10-Year U.S. Dollar ICE Swap Rate, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the reference rate finishes at or above 75% of its initial level, the payout at maturity will equal par plus 12.35%.
If the reference rate finishes below its 75% trigger, investors will be fully exposed to the losses of the reference rate from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger jump securities with downside principal exposure
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Underlying reference rate: | 10-Year U.S. Dollar ICE Swap Rate
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Amount: | $10.87 million
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Maturity: | Aug. 3, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If the reference rate finishes at or above its trigger level, par plus 12.35%; if reference rate falls by more than 25%, full exposure to the losses of the reference rate from its initial level
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Initial level: | 1.263%
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Trigger level: | 0.94725%, 75% of initial levels
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Pricing date: | July 22
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Settlement date: | July 27
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | Morgan Stanley Wealth Management
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Fees: | 1.29%
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Cusip: | 61773FEG4
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