By Angela McDaniels
Tacoma, Wash., Oct. 2 – Morgan Stanley Finance LLC priced $4.12 million of 0% leveraged buffered notes due Oct. 3, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the ETF return is positive, the payout at maturity will be par plus 300% of the gain, subject to a maximum settlement amount of $1,215.40 per $1,000 principal amount. Investors will receive par if the ETF declines by up to 10% and will lose 1.1111% for every 1% that the ETF may decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Leveraged buffered notes
|
| Underlying ETF: | iShares MSCI Emerging Markets ETF
|
| Amount: | $4.12 million
|
| Maturity: | Oct. 3, 2019
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If ETF return is positive, par plus 300% of ETF return, subject to 21.54% maximum return; par if ETF declines by up to 10%; 1.1111% loss for every 1% that ETF may decline beyond 10%
|
| Initial share price: | $44.30
|
| Pricing date: | Sept. 28
|
| Settlement date: | Oct. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768CRC3
|
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