By Sarah Lizee
Olympia, Wash., July 24 – Morgan Stanley Finance LLC priced $1.17 million of 0% trigger jump securities due July 28, 2025 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will equal par plus the greater of the return and the fixed payment percentage of 43%.
If the index falls by up to 30%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | S&P 500
|
| Amount: | $1,165,000
|
| Maturity: | July 28, 2025
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes at or above its initial level, par plus the greater of the return and 43%; par if index falls by up to 30%; otherwise, investors will lose 1% for each 1% decline from the initial level
|
| Initial level: | 2,976.61
|
| Trigger level: | 2,083.627, 70% of initial levels
|
| Pricing date: | July 19
|
| Settlement date: | July 26
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.25%
|
| Cusip: | 61769HHW8
|
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