By Kiku Steinfeld
Chicago, Aug. 12 – Morgan Stanley Finance LLC priced $2.49 million of 0% trigger Performance Leveraged Upside Securities due July 21, 2026 linked to the Euro Stoxx 50 index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index finishes above its initial level, the payout at maturity will be par plus 251% of the lesser-performing index’s return.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to its trigger level, the payout will be par. For each index, the trigger level is 70% of its initial level.
If the final level of either index is less than its trigger level, investors will be exposed to the decline of the lesser-performing index from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Trigger Performance Leveraged Upside Securities
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| Underlying indexes: | Euro Stoxx 50 and Stoxx Europe 600
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| Amount: | $2,488,000
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| Maturity: | July 21, 2026
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If each index finishes above initial level, par plus 251% of lesser-performing index’s return; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to trigger level, par; if final level of either index is less than trigger level, exposure to decline of lesser-performing index from initial level
|
| Initial levels: | 4,035.77 for Stoxx, 454.74 for Stoxx Europe
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| Trigger levels: | 2,825.039 for Stoxx, 318.318 for Stoxx Europe, or 70% of initial levels
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| Pricing date: | July 16
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| Settlement date: | July 21
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61773FGU1
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