By Sarah Lizee
Olympia, Wash., May 28 – Morgan Stanley Finance LLC priced $1.1 million of 0% trigger jump securities due June 1, 2026 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will equal par plus the greater of the index return and the upside payment of 50%.
If the index falls by up to 30%, the payout will be par.
If the index finishes below its 70% downside threshold, investors will be fully exposed to the losses of the index from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $1.1 million
|
| Maturity: | June 1, 2026
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the index return and 50%; par if index falls by up to 30%; if index falls by more than 30%, full exposure to the losses of the index from its initial level
|
| Initial level: | 2,955.45
|
| Trigger level: | 2,068.815, 70% of initial levels
|
| Pricing date: | May 22
|
| Settlement date: | May 29
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61771BEF7
|
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