New York, June 23 – Morgan Stanley Finance LLC priced $1.62 million of 0% Trigger PLUS due June 22, 2028 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of par plus 240%.
Investors will receive par if the index return is negative but ends at or above the 75% 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 index: | Tokyo Stock Price index
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| Amount: | $1.62 million
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| Maturity: | June 22, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of par plus 240%; par if index declines but finishes at or above trigger level; otherwise, 1% loss for every 1% that index declines from initial level
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| Initial level: | 2,300.36
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| Trigger level: | 1,725.27, 75% of initial level
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| Upside leverage: | 300%
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| Cap: | 240%
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| Pricing date: | June 16
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| Settlement date: | June 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 61774X6W8
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