By William Gullotti
Buffalo, N.Y., June 1 – Morgan Stanley Finance LLC priced $8.27 million of 0% trigger jump securities due May 7, 2024 linked to the performance of the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par plus the greater of the return of the index and the upside payment of 25.1%.
If the index falls by up to 90% of initial levels, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the index.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $8,267,050
|
| Maturity: | May 7, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above initial level, par plus greater of the index return and 25.1%; if the index falls by up to 10%, par; otherwise, full exposure to decline
|
| Initial levels: | 3,974.74
|
| Downside threshold levels: | 3,577.266; 90% of initial level
|
| Pricing date: | April 30
|
| Settlement date: | May 6
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61772X279
|
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