By Wendy Van Sickle
Columbus, Ohio, June 9 – Morgan Stanley Finance LLC priced $1 million of 0% dual directional trigger securities due June 12, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than or equal to the initial index level, the payout at maturity will be par plus 28.81%.
If the final index level is less than the initial index level but greater than or equal to the trigger level, 75% of the initial index level, the payout will be par plus 50% of the absolute value of the index return.
If the final index level is less than the trigger level, investors will be fully exposed to the index’s decline from the initial index level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger securities
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| Underlying index: | Russell 2000
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| Amount: | $1 million
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| Maturity: | June 12, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final index level is greater than or equal to initial index level, par plus 28.81%; if final index level is less than initial index level but greater than or equal to trigger level, par plus 50% of absolute value of index return; if final index level is less than trigger level, full exposure to decline from initial index level
|
| Initial level: | 1,394.899
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| Trigger level: | 1,046.174, 75% of initial level
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| Pricing date: | June 7
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| Settlement date: | June 12
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 61768CLA3
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