By Susanna Moon
Chicago, March 14 – Morgan Stanley Finance LLC priced $2.71 million of 0% trigger gears due Feb. 28, 2028 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par of $10 plus 3.52 times any index gain.
Investors will receive par if the index falls by up to 35% and will be fully exposed to any losses if it finishes below its 65% downside threshold.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying index: | Euro Stoxx 50
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| Amount: | $2,713,800
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| Maturity: | Feb. 28, 2028
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 3.52 times any index gain; par if index falls by up to 35%; 1% loss per 1% decline if index finishes below downside threshold
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| Initial level: | 3,463.18
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| Downside threshold: | 2,251.07, 65% of initial level
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| Pricing date: | Feb. 26
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| Settlement date: | Feb. 28
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| Underwriters: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
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| Fees: | 5%
|
| Cusip: | 61768M634
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