By Sarah Lizee
Olympia, Wash., Feb. 20 – Morgan Stanley Finance LLC priced $463,000 of 0% Performance Leveraged Upside Securities due May 19, 2021 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par plus 300% of the index return, subject to a maximum return of $11.325 per $10.00 PLUS.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | Russell 2000
|
| Amount: | $463,000
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| Maturity: | May 19, 2021
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to a maximum return of $11.325 per $10.00 of notes; full exposure to an index decline
|
| Initial level: | 1,687.584
|
| Pricing date: | Feb. 14
|
| Settlement date: | Feb. 20
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 48132J488
|
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