By William Gullotti
Buffalo, N.Y., Nov. 17 – Morgan Stanley Finance LLC priced $4.86 million of 0% trigger jump securities due Nov. 14, 2025 linked to the Euro Stoxx Select Dividend 30 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the greater of the index return and 50.3%.
Investors will receive par if the index declines but finishes at or above the 75% trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA will act as placement agents.
| 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 index: | Euro Stoxx Select Dividend 30 index
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| Amount: | $4.86 million
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| Maturity: | Nov. 14, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus greater of index return and 50.3%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% of index decline from initial level
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| Initial level: | 1,637.79
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| Upside payment: | 50.3%
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| Trigger: | 1,228.343, 75% of initial level
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| Pricing date: | Nov. 11
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| Settlement date: | Nov. 16
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| Agent: | Morgan Stanley & Co. LLC
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| Distributor: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
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| Fees: | 2%
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| Cusip: | 61774HR83
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