New York, March 6 – Morgan Stanley Finance LLC priced $4.04 million of 0% Trigger PLUS due March 5, 2026 linked to the Invesco S&P 500 Equal Weight ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 111% of the ETF return. Investors will receive par if the ETF return is negative but ends at or above the 80% 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
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger PLUS
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| Underlying ETF: | Invesco S&P 500 Equal Weight ETF
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| Amount: | $4.04 million
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| Maturity: | March 5, 2026
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If fund return is positive, par plus 111% of fund return; par if fund declines but finishes at or above trigger level; 1% loss for every 1% that fund declines if it finishes below trigger level
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| Initial level: | $146.60
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| Trigger level: | $117.28, 80% of initial level
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| Upside leverage: | 111%
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| Cap: | None
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| Pricing date: | Feb. 28
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| Settlement date: | March 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3% including a structuring fee of 0.5%
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| Cusip: | 61774U489
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