New York, Nov. 9 – Morgan Stanley Finance LLC priced $1.5 million of 0% dual directional trigger jump securities due Nov. 7, 2028 linked to the S&P 500 index, 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 the greater of that return and 48.2%.
If the index declines but by no more than the 85% downside threshold investors will receive par plus 100% of the absolute value of the index return. They will lose 1% for every 1% decline if the index ends below its downside threshold.
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: | Dual directional trigger jump securities
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| Underlying assets: | S&P 500 index
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| Amount: | $1.5 million
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| Maturity: | Nov. 7, 2028
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains par plus greater of index return and 48.2%; par plus 100% of absolute value of index return if index declines but by no more than the 85% downside threshold; 1% loss for every 1% that index declines if it finishes below its downside threshold
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| Initial levels: | 4,317.78
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| Upside payment: | 48.2%
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| Downside threshold: | 3,670.113, 85% of initial level
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| Pricing date: | Nov. 2
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| Settlement date: | Nov. 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
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| Cusip: | 61775MVG8
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