By Wendy Van Sickle
Columbus, Ohio, Aug. 19 – Morgan Stanley Finance LLC priced $14.25 million of 0% trigger Performance Leveraged Upside Securities due Sept. 3, 2027 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 2.24 times the index return.
If the index finishes at or below its initial level but at or above its 75% trigger level, the payout will be par.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $14,245,350
|
| Maturity: | Sept. 3, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 2.24 times any index gain; par if index finishes flat or falls by up to 25%; otherwise, full exposure to losses
|
| Initial index level: | 4,229.7
|
| Trigger level: | 3,172.275; 75% of initial level
|
| Pricing date: | Aug. 13
|
| Settlement date: | Aug. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61772Y681
|
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