By William Gullotti
Buffalo, N.Y., March 14 – Morgan Stanley Finance LLC priced $8.18 million of 0% capped airbag gears due March 12, 2026 linked to the MSCI EAFE index, 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 200% of any index gain, subject to a maximum return of par plus 32.65%.
Investors will receive par if the index falls by up to 10% and will lose 1.111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Capped airbag gears
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $8,179,300
|
| Maturity: | March 12, 2026
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, with return capped at par plus 32.65%; par if index declines by 10% or less; 1.111% loss for each 1% decline beyond 10%
|
| Initial level: | 2,344.67
|
| Downside threshold: | 2,110.2; 90% of initial level
|
| Pricing date: | March 7
|
| Settlement date: | March 12
|
| Agents: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as placement agent
|
| Fees: | None
|
| Cusip: | 61776K422
|
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