Chicago, Oct. 20 – Morgan Stanley Finance LLC priced $1.21 million of 0% dual directional trigger participation securities due Oct. 16, 2026 linked to the S&P 500 Futures Excess Return index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus the return of the index subject to a maximum return of par plus 58%. Investors will receive par plus the absolute value of the index return if the index declines but ends at or above its 55% trigger and will lose 1% for every 1% that the index declines if it finishes below its trigger.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger participation securities
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| Underlying index: | S&P 500 Futures Excess Return index
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| Amount: | $1.21 million
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| Maturity: | Oct. 16, 2026
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If index gains par plus index return subject to a maximum return of par plus 58%; par plus absolute value of index return if index declines but ends at or above the 55% trigger; 1% loss for every 1% that index declines if it finishes below its trigger
|
| Initial levels: | 386.75
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| Trigger level: | 212.713, 55% of initial level
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| Cap: | 58%
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| Pricing date: | Oct. 13
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| Settlement date: | Oct. 18
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
|
| Cusip: | 61775MJX5
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