Chicago, May 5 – Morgan Stanley Finance LLC priced $4.01 million of 0% trigger step securities due April 28, 2028 linked to the performance of the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley
If the index finishes at or above the initial level, the payout at maturity will be par of $10 plus the greater of the index’s return and 41.5%.
Investors will receive par if the index falls by up to 25% and will be fully exposed to all losses if the index finishes below the 75% downside threshold level.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger step securities
|
| Underlying index: | S&P 500 index
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| Amount: | $4,005,170
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| Maturity: | April 28, 2028
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above initial level, par plus the greater of the index’s return and 41.5%; par if the index falls by up to 25%; full exposure to losses if the index finishes below the 75% downside threshold level
|
| Initial index level: | 4,071.63
|
| Threshold level: | 3,053.72; 75% of initial level
|
| Pricing date: | April 25
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| Settlement date: | April 28
|
| Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61774W311
|
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