By Marisa Wong
Los Angeles, May 11 – Morgan Stanley Finance LLC priced $5.27 million of 0% gears due May 1, 2030 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index’s return is positive, the payout at maturity will be par of $10 plus 198% of the index’s return. If the index’s return is negative, investors will be exposed to the decline.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Gears
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Underlying index: | S&P 500
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Amount: | $5.27 million
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Maturity: | May 1, 2030
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If index’s return is positive, par plus 198% of index’s return; full exposure to any index decline
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Initial level: | 2,863.39
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Strike date: | April 28
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Pricing date: | April 29
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Settlement date: | May 1
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 5%
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Cusip: | 61769P560
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