By William Gullotti
Buffalo, N.Y., Feb. 3 – Morgan Stanley Finance LLC priced $2.5 million of 0% trigger jump securities due Aug. 3, 2023 linked to the performance of the iShares U.S. Real Estate ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF finishes at or above its initial level, the payout at maturity will be par plus 14.1%.
If the ETF falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to the losses of the ETF.
The notes are guaranteed by Morgan Stanley.
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 jump securities
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| Underlying ETF: | iShares U.S. Real Estate ETF
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| Amount: | $2.5 million
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| Maturity: | Aug. 3, 2023
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If the ETF finishes at or above initial level, par plus 14.1%; if the ETF falls by up to 10%, par; otherwise, full exposure to decline
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| Initial level: | $106.58
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| Downside threshold level: | $95.922; 90% of initial level
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| Pricing date: | Jan. 31
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| Settlement date: | Feb. 3
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.5%
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| Cusip: | 61773U217
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