By Marisa Wong
Morgantown, W.Va., March 6 – Morgan Stanley Finance LLC priced $3.35 million of 0% capped gears due April 30, 2020 linked to the Energy Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the fund finishes above its initial level, the payout at maturity will be par plus 3 times the gain, capped at par plus 20.8%.
Investors will be fully exposed to losses.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped gears
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Underlying ETF: | Energy Select Sector SPDR fund
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Amount: | $3,350,950
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Maturity: | April 30, 2020
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | If the fund finishes above its initial level, par plus 3 times the gain, capped at par plus 20.8%; full exposure to any fund decline
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Initial price: | $65.87
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Pricing date: | Feb. 25
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Settlement date: | Feb. 28
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Agent: | Morgan Stanley & Co. LLC
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Dealer: | UBS Financial Services Inc.
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Fees: | 2%
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Cusip: | 61768X242
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