By Wendy Van Sickle
Columbus, Ohio, May 15 – Morgan Stanley Finance LLC priced $5.24 million of 0% buffered Performance Leveraged Upside Securities due June 28, 2019 linked to the S&P 500 index, according to a 424B2 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 of $10 plus 200% of the index return. Investors will receive par if the index declines by 10% or less and will lose 1.1111% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
|
| Amount: | $5,239,000
|
| Maturity: | June 28, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain; par if the index declines by 10% or less; 1.1111% loss for every 1% decline beyond 10%
|
| Initial level: | 2,394.44
|
| Pricing date: | May 11
|
| Settlement date: | May 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61768CJK4
|
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