By Kiku Steinfeld
Chicago, March 12 – Morgan Stanley Finance LLC priced $591,000 of 0% trigger Performance Leveraged Upside Securities due March 2, 2026 linked to the lesser performing of the Consumer Staples Select Sector SPDR fund and the Consumer Discretionary Select Sector SPDR fund, 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 120% 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, 60% 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
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying assets: | Consumer Staples Select Sector SPDR fund Consumer Discretionary Select Sector SPDR fund
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| Amount: | $591,000
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| Maturity: | March 2, 2026
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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 120% 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
|
| Initial levels: | $64.34 for Staples, $160.48 for Discretionary
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| Trigger levels: | $38.604 for Staples, $96.288 for Discretionary; 60% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | March 2
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
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| Cusip: | 61771E6M5
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