By William Gullotti
Buffalo, N.Y., Aug. 26 – Morgan Stanley Finance LLC priced $6.65 million of 0% dual directional trigger Performance Leveraged Upside Securities due Aug. 25, 2027 linked to the performance of the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its initial level, the payout at maturity will be par plus 1.11 times the return of the index.
If the index finishes below its initial level but at or above its downside threshold level, 85% of its initial level, the payout will be par plus the absolute value of the return.
If the index finishes below the downside threshold level, investors will lose 1% for every 1% that the index declines 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 index
|
| Amount: | $6,651,200
|
| Maturity: | Aug. 25, 2027
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index finishes at or above initial level, par plus 1.11 times the return; if the index finishes below initial level but at or above downside threshold level, par plus absolute value of return; if the index finishes below downside threshold level, 1% loss for every 1% that the index declines from initial level
|
| Initial level: | 4,441.67
|
| Downside threshold: | 3,775.42; 85% of initial levels
|
| Pricing date: | Aug. 20
|
| Settlement date: | Aug. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61772Y749
|
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