New York, May 11 – Morgan Stanley Finance LLC priced $1 million of 0% trigger jump securities due May 14, 2029 linked to the S&P MidCap 400 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the return of the index is positive, the payout at maturity will be par plus the greater of the index return and 35%. Investors will receive par if the index declines but finishes at or above the trigger level and will lose 1% for every 1% that the index declines if it finishes below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger jump securities
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| Underlying index: | S&P MidCap 400 index
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| Amount: | $1 million
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| Maturity: | May 14, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus greater of index return and 35%; par if index declines but finishes at or above trigger level; 1% loss for every 1% that index declines if it finishes below trigger level
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| Initial level: | 2,396.94
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| Upside payment: | 35%
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| Trigger: | 1,318.317, 55% of initial level
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| Pricing date: | May 9
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| Settlement date: | May 11
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.35%
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| Cusip: | 61774DBS5
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