New York, March 31 – Morgan Stanley Finance LLC priced $5.95 million of 0% dual directional trigger PLUS due March 29, 2028 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 125% of the index return, subject to a maximum return of par plus 99%.
Investors will receive a 1% gain for each 1% loss if the index declines but finishes at or above the 75% principal barrier and will lose 1% for every 1% decline if the index ends below its principal barrier.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger PLUS
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| Underlying index: | Russell 2000 index
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| Amount: | $5.95 million
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| Maturity: | March 29, 2028
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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 125% of index return, subject to a maximum return of par plus 99%; 1% gain for each 1% loss if index declines but ends at or above principal barrier; otherwise, full exposure to decline of index from initial level
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| Initial level: | 1,734.923
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| Principal barrier: | 1,301.192, 75% of initial level
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| Upside leverage: | 125%
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| Cap: | 99%
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| Pricing date: | March 24
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| Settlement date: | March 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
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| Cusip: | 61774XDQ3
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