By Wendy Van Sickle
Columbus, Ohio, Feb. 17 – Morgan Stanley Finance LLC priced $3 million of 0% trigger jump securities with downside principal exposure due March 3, 2022 linked to the 10-Year U.S. Dollar ICE Swap Rate, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the reference rate finishes at or above 85% of its initial level, the payout at maturity will equal par plus 13.9%.
If the reference rate finishes below its 85% trigger, investors will be fully exposed to the losses of the reference rate from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger jump securities with downside principal exposure
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| Underlying reference rate: | 10-Year U.S. Dollar ICE Swap Rate
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| Amount: | $3 million
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| Maturity: | March 3, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the reference rate finishes at or above its trigger level, par plus 13.9%; if reference rate falls by more than 15%, full exposure to the losses of the reference rate from its initial level
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| Initial level: | 1.055%
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| Trigger level: | 0.89675%, 85% of initial levels
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| Pricing date: | Jan. 27
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| Settlement date: | Jan. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.5%
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| Cusip: | 61766YFH9
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