By Wendy Van Sickle
Columbus, Ohio, March 2 – Morgan Stanley Finance LLC priced $2.15 million of 0% trigger Performance Leveraged Upside Securities due Feb. 28, 2022 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.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 125% of the index gain.
If the index finishes flat or falls by no more than 40%, the payout will be par.
If the index finishes below the 60% trigger level, investors will be fully exposed to the index decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,154,000
|
| Maturity: | Feb. 28, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 125% of any index gain; if index finishes flat or falls by no more than 40%, par; if index finishes below trigger level, full exposure to losses
|
| Initial level: | 2,363.81
|
| Trigger level: | 1,418.286, 60% of initial level
|
| Pricing date: | Feb. 23
|
| Settlement date: | Feb. 28
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.625%
|
| Cusip: | 61768CER4
|
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