By Angela McDaniels
Tacoma, Wash., Feb. 9 – Morgan Stanley Finance LLC priced $7.65 million of 0% trigger gears due June 30, 2033 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.425 times the index return.
If the index return is less than or equal to zero but the final index level is greater than or equal to the downside threshold level, 65% of the initial index level, the payout at maturity will be par.
If the final index level is less than the downside threshold level, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying index: | S&P 500 index
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| Amount: | $7,650,850
|
| Maturity: | June 30, 2033
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index return is greater than zero, par plus 1.425 times index return; if index return is less than or equal to zero but final index level is greater than or equal to downside threshold, par; otherwise, 1% loss for every 1% that final index level is less than initial index level
|
| Initial level: | 4,378.41
|
| Downside threshold: | 2,845.97, or 65% of initial level
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| Pricing date: | June 27, 2023
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| Settlement date: | June 30, 2023
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61774W600
|
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