By Marisa Wong
Morgantown, W.Va., Aug. 15 – Morgan Stanley Finance LLC priced $18.07 million of 0% buffered digital notes due Aug. 12, 2022 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 zero or positive, the payout at maturity will be the greater of the threshold settlement amount, $1,550.50 per $1,000 principal amount, and par plus the index return.
If the index return is negative but not below negative 20%, the payout will be par.
Otherwise, investors will lose 1.25% for each 1% that the index declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered digital notes
|
| Underlying index: | Euro Stoxx 50 index
|
| Amount: | $18,073,000
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| Maturity: | Aug. 12, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is zero or positive, par plus greater of 55.05% and index return; if index return is negative but not below negative 20%, par; otherwise, 1.25% loss for each 1% decline beyond 20%
|
| Initial level: | 3,426.28
|
| Buffer level: | 2,741.024, 80% of initial level
|
| Pricing date: | Aug. 10
|
| Settlement date: | Aug. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.47%
|
| Cusip: | 61768DAM7
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