New Issue: Morgan Stanley sells $1.71 million capped leveraged notes tied to S&P 500

By Sarah Lizee

Olympia, Wash., Dec. 24 – Morgan Stanley Finance LLC sold $1.71 million of 0% capped leveraged notes due June 14, 2023 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 double the index gain, subject to a maximum payment of $1,405.60 per $1,000 of notes.

Investors will lose 1% for each 1% decline.

Morgan Stanley & Co. LLC is the agent.

Issuer:	Morgan Stanley Finance LLC
Issue:	Capped leveraged notes
Underlying index:	S&P 500
Amount:	$1,705,000
Maturity:	June 14, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If index return is positive, par plus double index gain, capped at $1,405.60; 1% loss for each 1% decline
Initial level:	2,506.85
Pricing date:	Dec. 10
Settlement date:	Jan. 17
Agent:	Morgan Stanley & Co. LLC
Fees:	3.73%
Cusip:	61769H4B8

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