By Susanna Moon
Chicago, July 19 – Morgan Stanley Finance LLC priced $500,000 of 2.5% market-linked notes due July 17, 2023 linked to the Morgan Stanley MAP Trend index, according to a 424B2 filing with the Securities and Exchange Commission.
Interest will be payable annually for the first four years.
The payout at maturity will be par plus 1.375 times any index gain.
If the index falls, the payout will be par.
The notes will be guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Market-linked notes
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| Underlying index: | Morgan Stanley MAP Trend
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| Amount: | $500,000
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| Maturity: | July 17, 2023
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| Coupon: | 2.5%, payable annually for the first four years
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| Price: | Par
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| Payout at maturity: | Par plus 137.5% of any index gain, floor of par
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| Initial level: | 221.36
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| Pricing date: | July 12
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| Settlement date: | July 17
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
|
| Cusip: | 61768C7D3
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