By Taylor Fox
New York, Jan. 19 – Morgan Stanley Finance LLC priced $2.02 million of 0% trigger Performance Leveraged Upside Securities due Dec. 22, 2022 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 1.5 times the index return capped at par plus 20.75%.
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 80% 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.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Nasdaq-100 index
|
| Amount: | $2,020,000
|
| Maturity: | Dec. 22, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par 1.5 times any gain of index, capped at par plus 20.75%.; par if index finishes flat or falls by up to 20%; otherwise, full exposure to losses
|
| Initial index level: | 12,738.18
|
| Trigger level: | 10,190.544, 80% of initial level
|
| Pricing date: | Dec. 18
|
| Settlement date: | Dec. 23
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61771ETE8
|
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