By Kiku Steinfeld
Chicago, March 12 – Morgan Stanley Finance LLC priced $4.26 million of 0% trigger Performance Leveraged Upside Securities due Aug. 29, 2024 linked to the worst performing of the Russell 2000 index and the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 131% of the return of the lesser-performing index.
If either index finishes at or below its initial level but both indexes finish at or above their trigger levels, the payout will be par. For each index, the trigger level is 55% of its initial level.
If either index finishes below its trigger level, investors will be fully exposed to the decline of the lesser-performing index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Russell 2000 index and the MSCI Emerging Markets index
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| Amount: | $4,257,000
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| Maturity: | Aug. 29, 2024
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 131% of return of lesser-performing index; if either index finishes at or below initial level but both indexes finish at or above trigger levels, par; if either index finishes below trigger level, full exposure to decline of lesser-performing index
|
| Initial index levels: | 2,200.172 for Russell 2000 and 1,383.81 for MSCI EM
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| Trigger levels: | 1,210.095 for Russell 2000 and 761.096 for MSCI EM; 55% of initial levels
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| Pricing date: | Feb. 25
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| Settlement date: | March 2
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61771VBM1
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