By Susanna Moon
Chicago, Dec. 7 – Morgan Stanley Finance LLC priced $5.94 million of 0% trigger gears due Nov. 30, 2026 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 1.77 times any index gain.
Investors will receive par if the index falls by up to 50% and will be fully exposed to any losses if the index finishes below the 50% downside threshold.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as the dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying index: | S&P 500
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| Amount: | $5,937,500
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| Maturity: | Nov. 30, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.77 times any index gain; par if index falls by up to 50% and full exposure to any losses if index finishes below downside threshold
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| Initial index level: | 2,201.72
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| Downside threshold: | 1,100.86, 50% of initial level
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
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| Fees: | 5%
|
| Cusip: | 61766F391
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