By Sarah Lizee
Olympia, Wash., Dec. 31 – Morgan Stanley Finance LLC priced $2.24 million of 0% trigger gears due Dec. 29, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes at or above its initial level, the payout at maturity will be par of $10 plus the 1.48 times the gain.
If the index falls by up to the 75% downside threshold, the payout will be par.
Otherwise, investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC and UBS Financial Services Inc. are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying asset: | Russell 2000 index
|
| Amount: | $2,235,460
|
| Maturity: | Dec. 29, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 1.48 times the return; if index falls by up to 25%, par; otherwise, 1% loss per 1% decline
|
| Initial level: | 1,329.811
|
| Downside threshold: | 997.358, 75% of initial level
|
| Pricing date: | Dec. 26
|
| Settlement date: | Dec. 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 0%
|
| Cusip: | 61768W251
|
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