By Marisa Wong
Morgantown, W.Va., April 9 – Morgan Stanley Finance LLC priced $500,000 of 0% trigger Performance Leveraged Upside Securities due March 30, 2023 linked to the Euro Stoxx 50 index, according to a 424B2 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 2.47 times the return.
If the index finishes flat or falls but finishes at or above its 65% trigger level, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
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 Performance Leveraged Upside Securities
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Underlying index: | Euro Stoxx 50
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Amount: | $500,000
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Maturity: | March 30, 2023
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 247% of any index gain; if index finishes flat or falls but finishes at or above trigger level, par; otherwise, 1% loss per 1% decline
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Initial level: | 3,278.72
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Trigger level: | 2,131.168, 65% of initial level
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Pricing date: | March 26
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Settlement date: | March 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 4%
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Cusip: | 61768CG92
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