By Angela McDaniels
Tacoma, Wash., April 30 – Morgan Stanley Finance LLC priced $1 million of 0% equity-linked partial principal at risk securities due April 29, 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 finishes above its initial level, the payout at maturity will be par plus 120% of the index return, subject to a maximum return of 50%.
If the index finishes below its initial level, investors will be exposed to the decline, subject to a minimum payout of 95% of par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $1 million
|
| Maturity: | April 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index finishes above initial level, par plus 120% of index return, subject to 50% maximum return; if index finishes below initial level, exposure to decline, subject to minimum payout of 95% of par
|
| Initial level: | 3,500.41
|
| Pricing date: | April 26
|
| Settlement date: | May 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61768D6U4
|
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