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Published on 5/24/2019 in the Prospect News Structured Products Daily.

New Issue: Morgan Stanley sells $2.27 million dual directional trigger PLUS on S&P

By Marisa Wong

Morgantown, W.Va., May 24 – Morgan Stanley Finance LLC priced $2.27 million of dual directional trigger Performance Leveraged Upside Securities due May 3, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.

The notes are guaranteed by Morgan Stanley.

If the index finishes above its initial level, the payout at maturity will be par plus 116% of the index return.

If the index finishes at or below its initial level but at or above its trigger level, the payout will be par plus the absolute value of the index return. The trigger level is 65% of the initial index level.

If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.

Morgan Stanley & Co. LLC is the agent.

Issuer:Morgan Stanley Finance LLC
Guarantor:Morgan Stanley
Issue:Dual directional trigger Performance Leveraged Upside Securities
Underlying index:S&P 500
Amount:$2,267,000
Maturity:May 3, 2024
Coupon:0%
Price:Par
Payout at maturity:If index finishes above initial level, par plus 116% of index return; if index finishes at or below initial level but at or above trigger level, par plus absolute value of index return; if index finishes below trigger level, full exposure to decline
Initial level:2,945.83
Trigger level:1,914.790, 65% of initial level
Pricing date:April 30
Settlement date:May 3
Agent:Morgan Stanley & Co. LLC
Fees:1.125%
Cusip:61768D4B8

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