By William Gullotti
Buffalo, N.Y., Dec. 20 – Morgan Stanley Finance LLC priced $5 million of 0% trigger gears due Dec. 17, 2026 linked to a basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket includes the Russell 2000 index with a 40% weight, the S&P 500 index with a 40% weight and the MSCI EAFE index with a 20% weight.
The payout at maturity will be par of $10 plus 1.2 times any basket gain.
Investors will receive par if the basket declines by 25% or less and be fully exposed to the basket’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying basket: | Russell 2000 (40% weight), S&P 500 index (40% weight), MSCI EAFE (20% weight)
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| Amount: | $5 million
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| Maturity: | Dec. 17, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.2 times any basket gain; par if basket declines by 25% or less; full exposure to the basket’s decline from its initial level if it declines by more than 25%
|
| Initial levels: | 2,159.65 for Russell, 4,634.09 for S&P, 2,262.63 for EAFE
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| Downside threshold: | 75% of initial level
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| Pricing date: | Dec. 14
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| Settlement date: | Dec. 17
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
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| Fees: | None
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| Cusip: | 61773N478
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