By Wendy Van Sickle
Columbus, Ohio, March 16 – Morgan Stanley Finance LLC priced $14.96 million of 0% trigger gears due March 15, 2028 linked to the Russell 2000 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 of $10 plus 1.03 times any index gain.
Investors will receive par if the index declines by up to 30% and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Trigger gears
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Underlying index: | Russell 2000 index
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Amount: | $14,961,000
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Maturity: | March 15, 2028
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 1.03 times any index gain; par if index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
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Initial level: | 2,253.129
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Downside threshold: | 1,577.19; 70% of initial level
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Pricing date: | March 10
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Settlement date: | March 15
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 3.5%
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Cusip: | 61774U547
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