By Wendy Van Sickle
Columbus, Ohio, Jan. 4 – Morgan Stanley Finance LLC priced $769,000 of 0% trigger securities due Dec. 26, 2025 linked to a basket of indexes and funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket components are the S&P 500 index with a 40% weight, the Russell 2000 index with a 30% weight, the iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 10% weight.
If the final value of the basket is greater than or equal to its initial index value, the payout will be par plus the return of the basket.
If the final value of the basket is less than its initial index value by up to 30%, the payout will be par.
Investors will be exposed to any decline in the basket if the basket finishes below 70% of its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger securities
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| Underlying basket: | S&P 500 index with a 40% weight, Russell 2000 index with a 30% weight, iShares MSCI EAFE ETF with a 20% weight and the iShares MSCI Emerging Markets ETF with a 10% weight
|
| Amount: | $769,000
|
| Maturity: | Dec. 26, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket finishes above initial level, par plus return of basket; if basket declines but not beyond 30%, par; otherwise, full exposure to losses of basket
|
| Initial levels: | 3,7694.92 for S&P, 1,970.329 for Russell, $71.74 for MSCI EAFE and $50.24 for MSCI EM
|
| Trigger level: | 70% of initial levels
|
| Pricing date: | Dec. 21
|
| Settlement date: | Dec. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.625%
|
| Cusip: | 61771ETZ1
|
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