By Marisa Wong
Morgantown, W.Va., Sept. 10 – Morgan Stanley Finance LLC priced $3.19 million of 0% trigger gears due Aug. 31, 2021 linked to the Stoxx Europe 600 Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 3.5 times the index return.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Stoxx Europe 600 Banks index
|
| Amount: | $3,193,000
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| Maturity: | Aug. 31, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 3.5 times the index return; par if the index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
|
| Initial level: | 157.24
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| Downside threshold: | 117.93, 75% of initial level
|
| Pricing date: | Aug. 29
|
| Settlement date: | Aug. 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61768R716
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