By Sarah Lizee
Olympia, Wash., May 31 – Morgan Stanley Finance LLC priced $565,000 of 0% trigger gears due May 28, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
If the index return is greater than zero, the payout at maturity will be par of $10 plus 2.39 times the index return.
Investors will receive par if the index declines by 30% or less and be fully exposed to the index’s decline from its initial level if it declines by more than 30%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $565,000
|
| Maturity: | May 28, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If the index return is greater than zero, par plus 2.39 times the index return; par if the index declines by 30% or less; full exposure to the index’s decline from its initial level if it declines by more than 30%
|
| Initial level: | 3,428.14
|
| Downside threshold: | 2,399.7, 70% of initial level
|
| Pricing date: | May 29
|
| Settlement date: | May 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | None
|
| Cusip: | 61768Q411
|
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