By Marisa Wong
Morgantown, W.Va., Feb. 12 – Morgan Stanley Finance LLC priced $2.09 million of 0% trigger Performance Leveraged Upside Securities due Feb. 11, 2027 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 180.22% of the gain.
If the index falls by up to 50%, 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
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $2.09 million
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| Maturity: | Feb. 11, 2027
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index gains, par plus 180.22% of the gain; par if index falls by up to 50%; otherwise, 1% loss per 1% decline
|
| Initial level: | 2,706.05 (closing level on Feb. 7)
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| Trigger level: | 1,353.025, 50% of initial level
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| Pricing date: | Feb. 8
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| Settlement date: | Feb. 13
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61768DQ73
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