By William Gullotti
Buffalo, N.Y., July 20 – Morgan Stanley Finance LLC priced $10.18 million of 0% leveraged buffered index-linked notes due Dec. 20, 2023 tied to the MSCI EAFE 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 1.7 times the index gain, subject to a maximum return of par plus 22.78%.
Investors will receive par if the index falls by up to 15% and will share in losses at a rate of 1.1765% per 1% drop beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Leveraged buffered index-linked notes
|
| Underlying index: | MSCI EAFE index
|
| Amount: | $10,181,000
|
| Maturity: | Dec. 20, 2023
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 1.7 times the index gain, capped at 22.78%; par if index falls by up to 15%; 1.1765% loss for every 1% decline beyond 15% buffer
|
| Initial level: | 1,817.05
|
| Buffer level: | 1,544.4925; 85% of initial level
|
| Pricing date: | July 15
|
| Settlement date: | July 22
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61774DXZ5
|
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