By Wendy Van Sickle
Columbus, Ohio, July 30 – Morgan Stanley Finance LLC priced $9.62 million of 0% trigger gears due July 31, 2029 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.7 times any index gain.
If the index falls by up to 35%, the payout will be par.
If the index finishes below the 65% downside threshold, investors will lose 1% for every 1% decline.
The notes are guaranteed by Morgan Stanley.
UBS Financial Services Inc. and Morgan Stanley & Co. LLC are the agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger gears
|
| Underlying index: | S&P 500
|
| Amount: | $9,619,810
|
| Maturity: | July 31, 2029
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| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 1.7 times any index gain; par if index falls by up to 35%; otherwise, full exposure to losses
|
| Initial index level: | 3,025.86
|
| Downside threshold: | 1,966.81, 65% of initial level
|
| Pricing date: | July 26
|
| Settlement date: | July 31
|
| Agents: | Morgan Stanley & Co. LLC and UBS Financial Services Inc.
|
| Fees: | 5%
|
| Cusip: | 61769Q246
|
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