By William Gullotti
Buffalo, N.Y., April 26 – Morgan Stanley Finance LLC priced $3.82 million of 0% jump securities due May 3, 2024 linked to the SPDR Gold Trust, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
At maturity, if the ETF finishes at or above its initial level, the payout will be par of $10 plus 13.35%.
Otherwise, investors will be fully exposed to any losses of the ETF.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Jump securities
|
| Underlying ETF: | SPDR Gold Trust
|
| Amount: | $3,815,000
|
| Maturity: | May 3, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the ETF finishes at or above its initial level, par of $10 plus 13.35%; otherwise, investors lose 1% for each 1% decline from the initial level
|
| Initial level: | $183.22
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61774U828
|
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