By Sarah Lizee
Olympia, Wash., Sept. 3 – Morgan Stanley Finance LLC priced $601,000 of 0% trigger Performance Leveraged Upside Securities due Sept. 5, 2025 linked to the lesser performing of the Euro Stoxx 50 index and the iShares MSCI EAFE ETF, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If each asset finishes above its initial level, the payout at maturity will be par plus 200% of the return of the least performing asset.
If any asset finishes at or below its initial level but each one finishes at or above its trigger level, 70% of its initial level, the payout will be par.
If any asset finishes below its trigger level, investors will lose 1% for every 1% that the least performing asset declines 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 assets: | Euro Stoxx 50 index and iShares MSCI EAFE ETF
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| Amount: | $601,000
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| Maturity: | Sept. 5, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each asset finishes above its initial level, par plus 200% of the return of the least performing asset; if any asset finishes at or below its initial level but each one finishes at or above its trigger level, par; if any asset finishes below its trigger level, 1% loss for every 1% that the least performing asset declines from its initial level
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| Initial levels: | 3,272.51 for index, $64.98 for ETF
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| Trigger levels: | 2,290.757 for index, $45.486 for ETF; 70% of initial levels
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| Pricing date: | Aug. 31
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| Settlement date: | Sept. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.5%
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| Cusip: | 61771BXX7
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