By Sarah Lizee
Olympia, Wash., Jan. 8 – Morgan Stanley Finance LLC priced $30.33 million of 0% dual directional trigger PLUS notes due July 3, 2025 tied to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The notes will pay par plus 178.3% of any gain.
If the index falls by up to 35%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will be fully exposed to the losses of the index.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger PLUS notes
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $30,330,620
|
| Maturity: | July 3, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 178.3% of any gain; par plus absolute return of the index if final value falls by up to 35%; otherwise, full exposure to losses
|
| Initial level: | 3,748.47
|
| Trigger level: | 2,436.506, 65% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 61770E323
|
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