New York, April 26 – Morgan Stanley Finance LLC priced $2.37 million of 0% Trigger PLUS due April 25, 2030 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 211% of the index return.
Investors will receive par if the index return is negative but ends at or above the 60% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger PLUS
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $2,374,000
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| Maturity: | April 25, 2030
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 211% of index return; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 433.74
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| Trigger level: | 260.244, 60% of initial level
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| Upside leverage: | 211%
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| Pricing date: | April 19
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| Settlement date: | April 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 61776LRJ8
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