By Marisa Wong
Morgantown, W.Va., April 1 – Morgan Stanley Finance LLC priced $11.2 million of 0% trigger performance securities due March 31, 2021 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 155.4% of any index gain.
Investors will receive par if the index falls by up to 25% and will be fully exposed to any losses if the index finishes below the 75% trigger level.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger performance securities
|
| Underlying index: | S&P 500
|
| Amount: | $11,204,540
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 155.4% of any index gain; par if index falls by up to 25%; full exposure to any losses if index finishes below trigger level
|
| Initial index level: | 2,037.05
|
| Trigger level: | 1,527.79, 75% of initial level
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61766B127
|
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