By Wendy Van Sickle
Columbus, Ohio, May 18 – Morgan Stanley Finance LLC priced $3.7 million of 0% trigger gears due May 18, 2020 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 1.265 times the index return. Investors will receive par if the index declines by 25% or less and will lose 1% for every 1% decline if the index falls by more than 25%.
Morgan Stanley and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Trigger gears
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| Underlying index: | Russell 2000
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| Amount: | $3.7 million
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| Maturity: | May 18, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.265 times any index gain; par if index declines by 25% or less; full exposure to loss if index falls beyond 25%
|
| Initial index level: | 1,102.439
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| Downside threshold: | 826.829, 75% of initial level
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| Pricing date: | May 13
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| Settlement date: | May 18
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| Agents: | UBS Financial Services Inc. and Morgan Stanley
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| Fees: | 3%
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| Cusip: | 61766B424
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