By William Gullotti
Buffalo, N.Y., Nov. 14 – Morgan Stanley Finance LLC priced $3.65 million 0% trigger step securities due Nov. 12, 2027 linked to an equally-weighted basket consisting of the Euro Stoxx Mid index and the Stoxx Europe 600 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the basket return is zero or positive, the payout at maturity will be par of $10 plus the greater of the basket return and the step return of 45.25%.
Investors will receive par if the basket declines by 30% or less and will lose 1% for each 1% decline from its initial level if the basket falls more than 30%.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger step securities
|
| Underlying indexes: | Stoxx Europe 600 index, Euro Stoxx Mid index; equal weights
|
| Amount: | $3,645,500
|
| Maturity: | Nov. 12, 2027
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the basket return is zero or positive, par plus the greater of the basket return and the step return of 45.25%; par if the basket declines by 30% or less; otherwise, 1% loss for each 1% decline from its initial level if the basket falls more than 30%
|
| Initial index level: | 444.07 for Stoxx Europe, 445.02 for Stoxx Mid
|
| Pricing date: | Nov. 8
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| Settlement date: | Nov. 13
|
| Agent: | UBS Financial Services Inc. and Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61775K324
|
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