By Sarah Lizee
Olympia, Wash., Nov. 13 – Morgan Stanley Finance LLC priced $750,000 of 0% market plus notes due Nov. 4, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
A knock-out event will occur if the final index level is less than the initial index level by more than 22.25%.
If a knock-out event has not occurred, the payout at maturity will be par plus the greater of the index return and zero. If a knock-out event has occurred, investors will lose 1% for every 1% that the final index level is less than the initial index level.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA are acting as placement agents.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Market plus notes
|
| Underlying index: | S&P 500
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| Amount: | $750,000
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| Maturity: | Nov. 4, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus greater of index return and zero unless index falls by more than 22.25%, in which case full exposure to index’s decline
|
| Initial level: | 3,066.91
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| Final level: | Average of index’s closing levels on five trading days ending Nov. 1, 2021
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| Pricing date: | Nov. 1
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| Settlement date: | Nov. 6
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| 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: | 61769HG58
|
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