By William Gullotti
Buffalo, N.Y., Feb. 23 – Morgan Stanley Finance LLC priced $3 million of 0% market-linked notes due Nov. 30, 2027 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any ETF gain, subject to a maximum return of par plus 41.55%.
If the ETF falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent, with UBS Financial Services Inc. acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying fund: | Invesco S&P 500 Equal Weight ETF
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Amount: | $3 million
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Maturity: | Nov. 30, 2027
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any ETF gain, capped at par plus 41.55%; floor of par
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Initial level: | $160.76
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Pricing date: | Feb. 15
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Settlement date: | Feb. 21
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 1.5%
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Cusip: | 61771WJ41
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