By Sarah Lizee
Olympia, Wash., July 9 – Morgan Stanley Finance LLC priced $4.08 million of 0% buffered Performance Leveraged Upside Securities due April 9, 2021 linked to the MSCI EAFE 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 150% of the gain.
If the index falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1.25% for every 1% index decline beyond the 20% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | MSCI EAFE
|
| Amount: | $4,075,000
|
| Maturity: | April 9, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 150% of gain; par if index falls by up to 20%; otherwise, 1.25% loss per 1% decline beyond 20%
|
| Initial level: | 1,937.01
|
| Pricing date: | July 2
|
| Settlement date: | July 8
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61769HKZ7
|
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