By William Gullotti
Buffalo, N.Y., May 2 – Morgan Stanley Finance LLC priced $1.54 million of 0% market-linked notes due April 26, 2029 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above its upside strike level, 116% of the initial level, the payout at maturity will be 120% of par plus 200% of the index gain above 16%.
Otherwise, investors will receive par plus 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked notes
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| Underlying index: | Morgan Stanley MAP Trend index
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| Amount: | $1.54 million
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| Maturity: | April 26, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index finishes at or above upside strike level, par plus 20% plus 2% for every 1% that index return exceeds 16%; otherwise, par plus 20%
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| Initial level: | 234.85
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| Upside strike level: | 272.426; 116% of initial level
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| Pricing date: | April 22
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| Settlement date: | April 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.5%
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| Cusip: | 61773QJ34
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