By Wendy Van Sickle
Columbus, Ohio, Aug. 7 – Morgan Stanley Finance LLC priced $7.85 million of 0% trigger jump securities due Aug. 5, 2024 linked to 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 and the upside payment of 65%.
If the index falls by up to 35%, the payout will be par.
If the index finishes below its 65% downside threshold, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $7,571,780
|
| Maturity: | Aug. 5, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index gains, par plus the greater of the return and 65%; if the index falls by up to 35%, par; if the index finishes below its 65% downside threshold, full exposure to any losses
|
| Initial level: | 3,466.85
|
| Trigger level: | 2,253.453, 65% of initial level
|
| Pricing date: | July 31
|
| Settlement date: | Aug. 5
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management as a dealer
|
| Fees: | 3.5%
|
| Cusip: | 61769Q238
|
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