New York, Nov. 17 – Morgan Stanley Finance LLC priced $2.65 million of 0% dual directional trigger jump securities due Oct. 31, 2028 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus the greater of that return and 48.35%.
If the index declines but not below the 85% downside threshold, investors will receive par plus the absolute value of the index return. They will lose 1% for every 1% decline if the index ends below its downside threshold.
The notes are guaranteed by Morgan Stanley.
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 jump securities
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| Underlying index: | S&P 500 index
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| Amount: | $2,647,000
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| Maturity: | Oct. 31, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus greater of index return and 48.35%; par plus absolute value of index return if index declines but finishes at or above 85% downside threshold; 1% loss for every 1% that index declines if it finishes below downside threshold
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| Initial level: | 4,137.23
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| Downside threshold: | 3,516.646, 85% of initial level
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| Upside payment: | 48.35%
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| Pricing date: | Oct. 26
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| Settlement date: | Oct. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 61775MRA6
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