By Marisa Wong
Los Angeles, Oct. 2 – Morgan Stanley Finance LLC priced $581,000 of 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 23, 2025 linked to the Dow Jones industrial average, 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 of $10 plus 107% of index gain.
If the index finishes at or below its initial level but at or above its 80% barrier level, the payout will be par plus the absolute value of the index return.
If the index finishes below its barrier 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: | Dual directional trigger PLUS
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| Underlying index: | Dow Jones industrial average
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| Amount: | $581,000
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| Maturity: | Sept. 23, 2025
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 1.07 times any index gain; if index finishes flat or falls by up to 20%, par plus absolute value of index return; otherwise, full exposure to index decline from initial level
|
| Initial level: | 27,657.42
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| Trigger level: | 22,125.936, 80% of initial level
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| Pricing date: | Sept. 18
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| Settlement date: | Sept. 23
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
|
| Cusip: | 61771B2P8
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