By William Gullotti
Buffalo, N.Y., Jan. 28 – Morgan Stanley Finance LLC priced $2.5 million of 0% accelerated return securities due Jan. 28, 2032 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 137% of the index return. Investors will receive par if the index declines by 50% or less and will lose 1% for every 1% that it declines from its initial level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Accelerated return securities
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| Underlying index: | S&P 500 index
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| Amount: | $2.5 million
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| Maturity: | Jan. 28, 2032
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 137% of index return; par if index declines by 50% or less; 1% loss for every 1% that index declines from its initial level
|
| Initial level: | 4,410.13
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| Buffer level: | 2,205.065; 50% of initial level
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| Strike date: | Jan. 24
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| Pricing date: | Jan. 25
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| Settlement date: | Jan. 28
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
|
| Cusip: | 61773HR43
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