By William Gullotti
Buffalo, N.Y., Feb. 28 – Morgan Stanley Finance LLC priced $4.3 million of 0% trigger securities due Feb. 26, 2027 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final index value is greater than the initial value, the payout at maturity will be par of $10 plus the index gain.
If the index declines by up to the 58.5% trigger level, the payout will be par. Otherwise, investors will be fully exposed to the losses of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as placement agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger securities
|
| Underlying index: | S&P 500
|
| Amount: | $4,296,000
|
| Maturity: | Feb. 26, 2027
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any index gain; if index falls but finishes at or above trigger level, par; otherwise, full exposure to losses
|
| Initial level: | 4,225.5
|
| Trigger level: | 2,471.92; 58.5% of initial level
|
| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61773U621
|
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