By Marisa Wong
Los Angeles, Oct. 12 – Morgan Stanley Finance LLC priced $250,000 of 0% trigger Performance Leveraged Upside Securities due Sept. 30, 2025 tied 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 finishes above its initial level, the payout at maturity will be par plus 118% of the index return.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 85% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’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 index: | S&P 500
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| Amount: | $250,000
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| Maturity: | Sept. 30, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.18 times any index gain; par if index finishes flat or falls by up to 15%; otherwise, full exposure to losses
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| Initial index level: | 3,298.46
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| Trigger level: | 2,803.691, 85% of initial level
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| Pricing date: | Sept. 25
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| Settlement date: | Sept. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61771B3M4
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