By Kiku Steinfeld
Chicago, Oct. 21 – Morgan Stanley Finance LLC priced $1 million of 0% Trigger PLUS due Feb. 24, 2028 linked to the iShares MSCI EAFE ETF, according to a 424B2 filing with the Securities and Exchange Commission.
If the ETF return is positive, the payout at maturity will be par plus 155.25% of the ETF return. Investors will receive par if the ETF return is negative but ends at or above the 70% trigger and will lose 1% for every 1% decline if it ends below the trigger level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger PLUS
|
| Underlying ETF: | iShares MSCI EAFE ETF
|
| Amount: | $1 million
|
| Maturity: | Feb. 24, 2028
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If fund return is positive, par plus 155.25% of fund return; par if fund declines but finishes at or above trigger level; 1% loss for every 1% that fund declines if it finishes below trigger level
|
| Initial level: | $75.30
|
| Trigger level: | $52.71, 70% of initial level
|
| Upside leverage: | 155.25%
|
| Cap: | None
|
| Pricing date: | Feb. 18
|
| Settlement date: | Feb. 24
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61773QCJ6
|
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