Chicago, April 7 – Morgan Stanley Finance LLC priced $5.5 million of 0% trigger Performance Leveraged Upside Securities due March 25, 2024 tied to the Nasdaq-100 index, 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 plus 128% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 70% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Nasdaq-100
|
| Amount: | $5,500,000
|
| Maturity: | March 25, 2024
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 128% of index return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, full exposure to decline
|
| Initial index level: | 7,175.176
|
| Trigger level: | 5,022.623, 70% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 25
|
| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 0.25%
|
| Cusip: | 61770FVL7
|
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