By William Gullotti
Buffalo, N.Y., April 2 – Morgan Stanley Finance LLC priced $3.74 million of 0% Performance Leveraged Upside Securities due April 2, 2029 linked to an equally-weighted basket of indexes, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 Equal Weight index and the Russell 1000 index
If the basket return is flat or positive, the payout at maturity will be par plus 130% of the basket return.
Investors will be fully exposed to any basket decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying basket: | S&P 500 Equal Weight index, Russell 1000 index; equal weights
|
| Amount: | $3,739,000
|
| Maturity: | April 2, 2029
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket finishes flat or positive, par plus 130% of basket return; otherwise, 1% loss for every 1% decline from initial level
|
| Initial levels: | 6,845.97 for S&P EW, 2,878.486 for Russell 1000
|
| Pricing date: | March 27
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61776LGL5
|
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