By Wendy Van Sickle
Columbus, Ohio, Aug. 30 – Morgan Stanley Finance LLC priced $1.52 million of 0% accelerated return securities due Aug. 31, 2023 linked to the S&P 500 index, according to a 424B2 filing 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 plus 118% of the index return. Investors will receive par if the index falls by 50% or less and will be fully exposed to the index’s decline from its initial level if it falls by more than 50%.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management as dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Accelerated return securities
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| Underlying index: | S&P 500
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| Amount: | $1.52 million
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| Maturity: | Aug. 31, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 118% of index return; par if index falls by 50% or less; full exposure to index’s decline from initial level if it falls by more than 50%
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| Initial level: | 2,897.52
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| Trigger level: | 1,448.76, 50% of initial level
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| Pricing date: | Aug. 28
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| Settlement date: | Aug. 31
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2.75%
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| Cusip: | 61768DBL8
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