By William Gullotti
Buffalo, N.Y., Dec. 18 – Morgan Stanley Finance LLC priced $3.5 million of 0% trigger Performance Leveraged Upside Securities due Dec. 15, 2028 linked to a weighted basket, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index with a 60% weight, the Russell 2000 index with a 20% weight and the iShares MSCI EAFE ETF with a 20% weight.
The notes are guaranteed by Morgan Stanley.
If the final basket level is greater than or equal to the initial level, the payout at maturity will be par plus 138.5% of the basket return.
If the basket declines by 20% or less, the payout will be par. If the basket declines by more than 20%, investors will lose 1% for every 1% that the basket declines 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 Performance Leveraged Upside Securities
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| Underlying assets: | S&P 500 index (60% weight), Russell 2000 index (20% weight), iShares MSCI EAFE ETF (20% weight)
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| Amount: | $3.5 million
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| Maturity: | Dec. 15, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than initial level, par plus 138.5% of basket return; if final basket level is less than initial basket level but greater than or equal to trigger level, par; if final basket level is less than trigger level, 1% loss for every 1% that basket declines from initial level
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| Initial levels: | 4,643.7 for S&P, 1,881.269 for Russell, $73.45 for ETF
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| Trigger level: | 80% of initial level
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| Pricing date: | Dec. 12
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| Settlement date: | Dec. 15
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61775MV29
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