By William Gullotti
Buffalo, N.Y., March 27 – Morgan Stanley Finance LLC priced $2.75 million of 0% digital equity-linked notes due April 18, 2024 linked to the Charles Schwab Corp., according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the stock finishes at or above 80% of its initial level, the payout at maturity will be par plus 22.65%.
Otherwise, investors will lose 1.25% for every 1% that the stock declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Digital equity-linked notes
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| Underlying stock: | Charles Schwab Corp.
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| Amount: | $2.75 million
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| Maturity: | April 18, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the stock finishes at or above 80% of initial level, par plus 22.65%; otherwise, investors will lose 1.25% for every 1% that the stock declines beyond 20%
|
| Initial level: | $57.88
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| Threshold level: | $46.304; 80% of initial level
|
| Strike date: | March 16
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| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.08%
|
| Cusip: | 61774XDN0
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