By Sarah Lizee
Olympia, Wash., Aug. 3 – Morgan Stanley Finance LLC priced $10.7 million of 0% trigger Performance Leveraged Upside Securities due Aug. 5, 2024 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 145% of the gain.
If the index falls by up to 35%, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $10,700,790
|
| Maturity: | Aug. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 145% of return; if index falls by up to 35%, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 2,816.29
|
| Trigger level: | 1,830.589, 65% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 3
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 3.5%
|
| Cusip: | 61768R179
|
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