By Marisa Wong
Morgantown, W.Va., April 4 – Morgan Stanley Finance LLC priced $1.84 million of 0% trigger gears due March 29, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.57 times the index return.
Investors will receive par if the index declines by 50% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 50%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,837,750
|
| Maturity: | March 29, 2028
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 1.57 times the index return; par if the index declines by 50% or less; full exposure to the index’s decline from its initial level if it declines by more than 50%
|
| Initial level: | 2,658.55
|
| Downside threshold: | 1,329.28, 50% of initial level
|
| Pricing date: | March 26
|
| Settlement date: | March 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61768P272
|
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