Chicago, May 5 – Morgan Stanley Finance LLC priced $8.02 million of 0% trigger gears due April 28, 2033 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.
The payout at maturity will be par of $10 plus 1.4395 times any index gain.
Investors will receive par if the index declines by up to 35% and will be fully exposed to the index’s decline from its initial level if it declines by more than 35%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $8,019,000
|
| Maturity: | April 28, 2033
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.4395 times any index gain; par if index declines by 35% or less; full exposure to the index’s decline from its initial level if it declines by more than 35%
|
| Initial level: | 4,071.63
|
| Downside threshold: | 2,646.56; 65% of initial level
|
| Pricing date: | April 25
|
| Settlement date: | April 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61774W329
|
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