By Marisa Wong
Morgantown, W.Va., March 27 – Morgan Stanley Finance LLC priced $2 million of 0% trigger gears due March 23, 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.
The payout at maturity will be par of $10 plus 1.54 times any index gain.
Investors will receive par if the index falls by up to 15% and will be fully exposed to any losses if the index finishes below the 85% downside threshold level.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
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| Underlying index: | S&P 500
|
| Amount: | $2 million
|
| Maturity: | March 23, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.54 times any index gain; par if index falls by up to 15% and full exposure to any losses if index finishes below downside threshold
|
| Initial level: | 2,378.25
|
| Downside threshold: | 2,021.51, 85% of initial level
|
| Strike date: | March 17
|
| Pricing date: | March 20
|
| Settlement date: | March 23
|
| Agents: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
|
| Fees: | 2.75%
|
| Cusip: | 61766V784
|
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