By William Gullotti
Buffalo, N.Y., June 16 – Morgan Stanley Finance LLC priced $2 million of 0% securities due June 6, 2030 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the 127% strike threshold, the payout at maturity will be the payout at maturity will be par plus 27% plus 2.483 times the gain of the index above 27%, subject to a maximum payout of par plus 290.198%.
If the index finishes at or below the upper strike threshold but at or above initial level, the payout will be par plus the index return.
Investors will be fully exposed to any index decline.
The securities are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Securities
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| Underlying index: | Dow Jones industrial average
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| Amount: | $2 million
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| Maturity: | June 6, 2030
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the index finishes above the strike threshold, the payout at maturity will be par plus 27% plus 2.483 times the gain of the index above 27%, capped at par plus 290.198%; if the final index average is less than or equal to the strike threshold but greater than or equal to the initial level, par plus the return of the index; otherwise, lose 1% for every 1% decline from initial level
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| Initial level: | Arithmetic average of index closing level on each trading day from June 1 to Aug. 30
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| Final level: | Arithmetic average of index closing level on each trading day from March 5, 2030 to June 3, 2030
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| Strike threshold: | 127% of initial level
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| Pricing date: | June 5
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| Settlement date: | June 8
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.25%
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| Cusip: | 61774X5T6
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