By Kiku Steinfeld
Chicago, April 18 – Morgan Stanley Finance LLC priced $500,000 of 0% Trigger PLUS due Dec. 19, 2025 linked to the common stock of Verizon Communications Inc., according to a 424B2 filing with the Securities and Exchange Commission.
If the stock return is positive, the payout at maturity will be par plus 200% of the gain. Investors will receive par if the stock return is negative but ends at or above the 60% trigger and will lose 1% for every 1% decline if it ends below the trigger 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 PLUS
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| Underlying stock: | Verizon Communications Inc.
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| Amount: | $500,000
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| Maturity: | Dec. 19, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any gain in stock; par if stock declines but finishes at or above trigger level; 1% loss for every 1% that stock declines if it finishes below trigger level
|
| Initial level: | $37.12
|
| Trigger level: | $22.2723, 90% of initial level
|
| Upside leverage: | 200%
|
| Pricing date: | Dec. 19
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| Settlement date: | Dec. 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
|
| Cusip: | 61774TFC1
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