By Angela McDaniels
Tacoma, Wash., April 2 – Morgan Stanley Finance LLC priced $1 million of 0% trigger Performance Leveraged Upside Securities due April 4, 2024 linked to a basket consisting of the S&P 500 index with a 40% weight, the Russell 2000 index with a 20% weight, the Euro Stoxx 50 index with a 20% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final basket level is greater than the upside strike value, 115% of the initial basket level, the payout at maturity will be 115% of par plus 135% of the basket return.
If the final basket level is less than or equal to the upside strike value but greater than or equal to the downside strike value, 80% of the initial basket level, the payout will be 115% of par.
If the final basket level is less than the downside strike value but greater than or equal to the trigger level, 60% of the initial basket level, the payout will be par.
If the final basket level is less than the trigger level, investors will be fully exposed to the basket’s decline from its initial level.
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 basket: | S&P 500 index (40% weight), Russell 2000 index (20% weight), Euro Stoxx 50 index (20% weight) and iShares MSCI Emerging Markets ETF (20% weight)
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| Amount: | $1 million
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| Maturity: | April 4, 2024
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If final basket level is greater than upside strike value, 115% of par plus 135% of basket return; if final basket level is less than or equal to upside strike value but greater than or equal to downside strike value, 115% of par; if final basket level is less than downside strike value but greater than or equal to trigger level, par; if final basket level is less than trigger level, full exposure to basket’s decline from initial level
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| Upside strike value: | 115% of initial basket level
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| Downside strike value: | 80% of initial basket level
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| Trigger level: | 65% of initial basket level
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| Pricing date: | March 29
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| Settlement date: | April 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61768D3Z6
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