By Wendy Van Sickle
Columbus, Ohio, May 20 – Morgan Stanley Finance LLC priced $4.11 million of 0% buffered Performance Leveraged Upside Securities due May 21, 2024 linked to the S&P 500 Value index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par plus 342.5% of the gain, capped at par plus 50%.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will lose 1% for every 1% index decline beyond the 10% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 Value
|
| Amount: | $4,105,000
|
| Maturity: | May 21, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 342.5% of gain, capped at par plus 50%; par if index falls by up to 10%; otherwise, 1% loss per 1% decline beyond 10%
|
| Initial level: | 1,121.845
|
| Pricing date: | May 16
|
| Settlement date: | May 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 4.25%
|
| Cusip: | 61769HCH6
|
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