By Sarah Lizee
Olympia, Wash., Sept. 12 – Morgan Stanley Finance LLC priced $4.89 million of 0% trigger gears due March 12, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.427 times the index return.
Investors will receive par if the index declines by 30% or less and will be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $4,885,000
|
| Maturity: | March 12, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 1.427 times the index return; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
| Initial level: | 2,871.68
|
| Downside threshold: | 2,010.18, 70% of initial level
|
| Pricing date: | Sept. 7
|
| Settlement date: | Sept. 12
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61768R880
|
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