New York, March 23 – Morgan Stanley Finance LLC priced $7.22 million of 0% PLUS due March 21, 2025 linked to the ARK Innovation ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the ETF return subject to a maximum return of par plus 102%. Investors will lose 1% for every 1% that it declines.
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: | PLUS
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Underlying ETF: | ARK Innovation ETF
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Amount: | $7,215,000
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Maturity: | March 21, 2025
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If ETF return is positive, par plus 300% of ETF return subject to a maximum return of par plus 102%; 1% loss for every 1% that ETF declines
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Initial level: | $65.77
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Upside leverage: | 300%
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Cap: | 102%
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Pricing date: | March 18
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Settlement date: | March 23
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1%
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Cusip: | 61773QRH4
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