By Sarah Lizee
Olympia, Wash., Oct. 23 – Morgan Stanley Finance LLC priced $383,000 of 0% trigger jump securities due Oct. 27, 2025 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will equal par plus the greater of the index return and the upside payment of 40%.
If the index falls by up to 30%, the payout will be par.
If the index finishes below its 70% downside threshold, investors will be fully exposed to any losses of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $383,000
|
| Maturity: | Oct. 27, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 40%; par if index falls by up to 30%; full exposure to any losses of the index from its initial level.
|
| Initial level: | 2,986.20
|
| Trigger level: | 2,090.34, 70% of initial levels
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 61769HWT8
|
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