By Kiku Steinfeld
Chicago, July 16 – Morgan Stanley Finance LLC priced $2.57 million of 0% market-linked notes due May 31, 2028 linked to the S&P 500 Daily Risk Control 10% USD Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 1.2 times any index gain.
Otherwise, the payout will be par.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. acting as the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Market-linked notes
|
| Underlying index: | S&P 500 Daily Risk Control 10% USD Excess Return
|
| Amount: | $2,572,000
|
| Maturity: | May 31, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.2 times any index gain; otherwise, par
|
| Initial level: | 158.693
|
| Pricing date: | May 25
|
| Settlement date: | May 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61771VX54
|
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