By Sarah Lizee
Olympia, Wash., April 28 – Morgan Stanley Finance LLC priced $7.87 million of 0% trigger Performance Leveraged Upside Securities due April 27, 2026 tied to a basket that consists of the S&P 500 index with a 60% weight, the Euro Stoxx 50 index with a 30% weight and the MSCI Emerging Markets index with a 10% weight, according to a 424B2 filing with the Securities and Exchange Commission.
If the basket finishes above its initial level, the payout at maturity will be par plus 150% of the basket return, capped at par plus 100%.
If the basket finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 65% of the initial basket level.
If the basket finishes below its trigger level, investors will be exposed to the basket’s decline from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying basket: | S&P 500 index with a 60% weight, Euro Stoxx 50 index with a 30% weight and MSCI Emerging Markets index with a 10% weight
|
| Amount: | $7.87 million
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| Maturity: | April 27, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If basket finishes above initial level, par plus 150% of basket return, capped at par plus 100%; if basket finishes at or below initial level but at or above trigger level, par; if basket finishes below trigger level, exposure to basket’s decline from initial level
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| Initial levels: | 888.64 for EM, 2,834.90 for Stoxx, 2,799.31 for S&P
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| Trigger level: | 65% of initial basket level
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 3.5%
|
| Cusip: | 17327U442
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