By Sarah Lizee
Olympia, Wash., Nov. 5 – Morgan Stanley Finance LLC priced $500,000 of 0% buffered Performance Leveraged Upside Securities due Nov. 5, 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.
If the index finishes above the initial level, the payout at maturity will be par plus double the gain up to a maximum return of $1,205 per $1,000 PLUS.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be exposed to any losses beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $500,000
|
| Maturity: | Nov. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 20.5%; if index falls by up to 10%, par; otherwise, 1% loss per 1% loss beyond 10%
|
| Initial level: | 2,711.74
|
| Pricing date: | Oct. 31
|
| Settlement date: | Nov. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.7%
|
| Cusip: | 61768DGG4
|
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