By Marisa Wong
Morgantown, W.Va., April 5 – Morgan Stanley Finance LLC priced $764,000 of 0% buffered jump securities due March 31, 2021 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If index finishes above its initial level, the payout at maturity will be par plus the greater of the index return and the upside payment of 30%.
Investors will receive par if the index falls by up to 20% and will be exposed to losses beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered jump securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $764,000
|
| Maturity: | March 31, 2021
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | If index gains, par plus greater of index return and 30%; par if index falls by 20% or less; 1% loss for every 1% drop beyond 20%
|
| Initial index level: | 3,004.87
|
| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61766BAD3
|
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