By William Gullotti
Buffalo, N.Y., Oct. 4 – Morgan Stanley Finance LLC priced $3.28 million of 0% capped trigger gears due Sept. 30, 2024 linked to the MSCI Emerging Markets index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus double any index gain, capped at par plus 37.25%.
Investors will receive par if the index declines by 25% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 25%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped trigger gears
|
| Underlying index: | MSCI Emerging Markets
|
| Amount: | $3,276,850
|
| Maturity: | Sept. 30, 2024
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus two times any index gain, capped at par plus 37.25%; par if index declines by 25% or less; full exposure to the index’s decline from its initial level if it declines by more than 25%
|
| Initial level: | 1,260.89
|
| Downside threshold: | 945.67; 75% of initial level
|
| Pricing date: | Sept. 28
|
| Settlement date: | Sept. 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 2.5%
|
| Cusip: | 61773E643
|
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