Chicago, Feb. 24 – Morgan Stanley Finance LLC priced $2.83 million of fixed-income securities due Feb. 21, 2025 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
Investors will receive a coupon of 8.05%, paid quarterly.
If the index gains or ends above the 80% downside threshold the payout at maturity will be par. Investors will lose 1% for every 1% that the index declines if it finishes below the downside threshold level.
The notes are non-callable.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Fixed-income securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,834,000
|
| Maturity: | Feb. 21, 2025
|
| Coupon: | 8.05%, paid quarterly
|
| Price: | Par
|
| Payout at maturity: | If index finishes at or above its downside threshold level, par; 1% loss for every 1% that index declines if it finishes below its downside threshold level
|
| Initial level: | 4,079.09
|
| Downside threshold: | 3,263.272, 80% of initial level
|
| Call: | Non-callable
|
| Pricing date: | Feb. 17
|
| Settlement date: | Feb. 23
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61774TUX8
|
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