By Wendy Van Sickle
Columbus, Ohio, April 6 – Morgan Stanley Finance LLC priced $3.29 million of 0% capped leveraged notes due April 8, 2020 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 5 times any index gain, up to a maximum settlement amount of $1,239 per $1,000 principal amount.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged notes
|
| Underlying index: | S&P 500
|
| Amount: | $3,294,000
|
| Maturity: | April 8, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 500% of any index gain, capped at 23.9%; exposure to any losses
|
| Initial level: | 2,644.69
|
| Pricing date: | April 4
|
| Settlement date: | April 11
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768CN94
|
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