New Issue: Morgan Stanley sells $6.38 million trigger gears linked to S&P 500

By Marisa Wong

Los Angeles, July 10 – Morgan Stanley Finance LLC priced $6,378,060 of 0% trigger gears due June 28, 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 return is greater than zero, the payout at maturity will be par of $10 plus 1.5 times the index return. Investors will receive par if the index finishes flat or declines by 35% or less and have one-to-one exposure to the index’s decline from its initial level if it declines by more than 35%.

Morgan Stanley & Co. LLC is the agent, and UBS Financial Services Inc. is dealer.

Issuer:	Morgan Stanley Finance LLC
Guarantor:	Morgan Stanley
Issue:	Trigger gears
Underlying index:	S&P 500
Amount:	$6,378,060
Maturity:	June 28, 2030
Coupon:	0%
Price:	Par of $10
Payout at maturity:	Par plus 1.5 times any index gain; par if index finishes flat or falls by up to 35%; full exposure to index’s decline from initial level if it declines by more than 35%
Initial level:	3,083.76
Downside threshold:	2,004.44, or 65% of initial level
Pricing date:	June 25
Settlement date:	June 30
Agent:	Morgan Stanley & Co. LLC
Dealer:	UBS Financial Services Inc.
Fees:	5%
Cusip:	61771C367

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