By Sarah Lizee
Olympia, Wash., June 4 – Morgan Stanley Finance LLC priced $2.75 million of 0% capped contingent buffered equity notes due June 4, 2020 linked to the Consumer Staples 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 150% of any fund gain, up to a maximum payment of $1,227.25 per note.
Investors will receive par if the fund declines by up to 20% and will be exposed to any losses beyond 20%.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped contingent buffered equity notes
|
| Underlying fund: | Consumer Staples Select Sector SPDR Fund
|
| Amount: | $2.75 million
|
| Maturity: | June 4, 2020
|
| Coupon: | 0%
|
| Price: | Par of $1,000
|
| Payout at maturity: | Par plus any fund gain, up to a maximum return of $1,227.25 per note; if fund falls by up to 20%, par; otherwise, 1% loss for each 1% decline below the initial level
|
| Initial value: | $50.47
|
| Pricing date: | May 30
|
| Settlement date: | June 4
|
| Agent: | Morgan Stanley & Co. LLC
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1.5% Cusip: | 61768C3M7
|
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