By Kiku Steinfeld
Chicago, Aug. 12 – Morgan Stanley Finance LLC priced $575,000 of 0% trigger Performance Leveraged Upside Securities due Aug. 2, 2022 linked to the Nasdaq-100 index, according to a 424B2 filing 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 200% of the index return, capped at 20.04%.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 90% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
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: | Nasdaq-100
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| Amount: | $575,000
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| Maturity: | Aug. 2, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes above initial level, par plus 200% of the index return, capped at 20.04%; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, full exposure to decline
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| Initial level: | 10,532.50
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| Trigger level: | 9,479.25; 90% of initial levels
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| Pricing date: | July 28
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| Settlement date: | July 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.35%
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| Cusip: | 61771BUE2
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