By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Morgan Stanley Finance LLC priced $3.59 million of 0% accelerated return securities due June 25, 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 the index return is positive, the payout at maturity will be par plus 230% of the index return. Investors will receive par if the index falls by 25% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 25%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Accelerated return securities
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| Underlying index: | Euro Stoxx 50
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| Amount: | $3.59 million
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| Maturity: | June 25, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 230% of any index gain; par if index falls by 25% or less; full exposure to index’s decline from initial level if it falls by more than 25%
|
| Initial index level: | 3,553.39
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| Trigger level: | 2,665.043, 75% of initial level
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| Pricing date: | Dec. 22
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| Settlement date: | Dec. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 61768CVL8
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