By Taylor Fox
New York, Feb. 1 – Morgan Stanley Finance LLC priced $4.95 million of 0% buffered participation securities due July 6, 2022 linked to the Financial Select Sector SPDR fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus any fund gain capped at par plus 11%.
Investors will receive par if the fund declines by up to 10% and will lose 1% for every 1% fund decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered participation securities
|
| Underlying fund: | Financial Select Sector SPDR fund
|
| Amount: | $4,952,300
|
| Maturity: | July 6, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus any fund gain, capped at par plus 11%; par if fund falls by up to buffer; 1% loss for every 1% fund decline beyond buffer
|
| Initial level: | $29.12
|
| Buffer level: | $26.208 or 90% of initial level
|
| Pricing date: | Dec. 30
|
| Settlement date: | Jan. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61771J255
|
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