By William Gullotti
Buffalo, N.Y., Nov. 21 – Morgan Stanley Finance LLC priced $1.73 million of 0% trigger gears due Nov. 18, 2027 linked to the Russell 1000 Value index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus 1.33 times any index gain.
Investors will receive par if the index declines by up to 25% and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Russell 1000 Value index
|
| Amount: | $1,729,800
|
| Maturity: | Nov. 18, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.33 times any index gain; par if 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: | 1,530.637
|
| Downside threshold: | 1,147.978; 75% of initial level
|
| Pricing date: | Nov. 15
|
| Settlement date: | Nov. 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 3.5%
|
| Cusip: | 61774Q173
|
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