By Wendy Van Sickle
Columbus, Ohio, Jan. 9 – Morgan Stanley Finance LLC priced $1.65 million of 0% trigger Performance Leveraged Upside Securities due Jan. 11, 2021 linked to a basket consisting of the iShares MSCI Mexico Capped exchange-traded fund with a 66.67% weight and the iShares MSCI Brazil Capped exchange-traded fund with a 33.33% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the basket finishes above the initial level, the payout at maturity will be par plus 111.5% of the basket gain.
If the basket finishes below the initial level but at or above the 70% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Basket components: | iShares MSCI Mexico Capped ETF (66.67% weight) and iShares MSCI Brazil Capped ETF (33.33% weight)
|
| Amount: | $1,649,000
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| Maturity: | Jan. 11, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If basket finishes above initial level, par plus 111.5% of index return; if basket finishes at or below initial level but at or above trigger level, par; if basket finishes below trigger level, full exposure to decline
|
| Initial levels: | $43.10 for Mexico, $34.81 for Brazil
|
| Trigger level: | 70% of initial level
|
| Pricing date: | Jan. 4
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| Settlement date: | Jan. 9
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.85%
|
| Cusip: | 61768CDH7
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