By Sarah Lizee
Olympia, Wash., April 22 – Morgan Stanley Finance LLC priced $1.91 million of 0% Performance Leveraged Upside Securities due April 20, 2023 linked to the S&P 500 index and the Russell 2000 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If both indexes finish at or above their initial levels, the payout at maturity will be par plus 155% of any gain of the least performing index.
Investors will be exposed to any losses of the least performing index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying indexes: | Russell 2000 and S&P 500
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| Amount: | $1.91 million
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| Maturity: | April 20, 2023
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If both indexes finish at or above their initial levels, par plus 155% of any gain of the least performing index; investors will be exposed to any losses of the least performing index
|
| Initial levels: | 2,874.56 for S&P, 1,229.098 for Russell
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| Pricing date: | April 17
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| Settlement date: | April 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61770FZS8
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