By Sarah Lizee
Olympia, Wash., Feb. 19 – Morgan Stanley Finance LLC upsized 0% trigger participation securities due Aug. 16, 2021 linked to the Solactive European Recovery PR index to $7.24 million from $7.19 million, according to an amended 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus the index return.
If the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, 84.8% of the initial index level, the payout will be par.
Otherwise, investors will lose 1% for every 1% that the index declines from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger participation securities
|
| Underlying index: | Solactive European Recovery PR
|
| Amount: | $7,235,000
|
| Maturity: | Aug. 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the final index level is greater than the initial index level, par plus the index return; if the final index level is less than or equal to the initial index but greater then or equal to the trigger value, par; otherwise, investors will lose 1% for every 1% that the index declines from its initial level
|
| Initial level: | 121.31
|
| Trigger value: | 102.871, 84.8% of initial level
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.5%
|
| Cusip: | 61770FGV2
|
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