By William Gullotti
Buffalo, N.Y., April 1 – Morgan Stanley Finance LLC priced $4.59 million of 0% trigger gears due March 31, 2027 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 1.26 times any index gain.
Investors will receive par if the index declines by up to 25% and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Bloomberg Commodity Index 3 Month Forward
|
| Amount: | $4,593,000
|
| Maturity: | March 31, 2027
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1.26 times any index gain; par if index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
|
| Initial level: | 336.9567
|
| Downside threshold: | 252.7175; 75% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61773FFD0
|
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