By Sarah Lizee
Olympia, Wash., May 4 – Morgan Stanley Finance LLC priced $3.85 million of 0% Performance Leveraged Upside Securities due June 29, 2021 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.
If the index return is positive, the payout at maturity will be par plus 300% of the index gain, capped at par plus 18.6%. Investors will be fully exposed to the index decline.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Performance Leveraged Upside Securities
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Underlying index: | S&P 500
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Amount: | $3,847,00
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Maturity: | June 29, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain capped at par plus 18.6%; full exposure to losses
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Initial level: | 2,878.48
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Pricing date: | April 27
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Settlement date: | April 30
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.35%
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Cusip: | 61770FL20
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