Chicago, Feb. 12 – Morgan Stanley Finance LLC priced $1.01 million of 0% dual directional trigger jump securities due Feb. 5, 2025 linked to the lesser performing of the Dow Jones industrial average and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the lesser-performing index and 40%.
If either index finishes below its initial level but each index finishes at or above its downside threshold level, 70% of its initial level, the payout will be par plus the absolute value of the return of the lesser-performing index.
If either index finishes below the downside threshold level, investors will lose 1% for every 1% that the lesser-performing index 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: | Dual directional trigger jump securities
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| Underlying indexes: | Dow Jones industrial average and Russell 2000
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| Amount: | $1,006,000
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| Maturity: | Feb. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes at or above initial level, the greater of the return of lesser-performing index and 40%; if either index finishes below initial level but each index finishes at or above downside threshold level, par plus absolute value of return of lesser-performing index; if either index finishes below downside threshold level, 1% loss for every 1% that lesser-performing index declines from initial level
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| Initial levels: | 28,256.03 for Dow and 1,614.061 for Russell
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| Downside threshold levels: | 19,779.221 for Dow and 1,129.843 for Russell, or 70% of initial levels
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.625%
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| Cusip: | 61770FAF3
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