By Sarah Lizee
Olympia, Wash., June 24 – Morgan Stanley Finance LLC priced $750,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 16, 2021 linked to the worst performing of the Russell 2000 index and the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the final level of each index is greater than its initial level, the payout at maturity will be par plus 112% of the return of the lesser-performing index.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to 80% of its initial level, the payout will be par.
If the final level of either index is less than 80% of its initial level, investors will lose 1% for every 1% that the lesser-performing index declines beyond 20%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying indexes: | Russell 2000 and S&P 500
|
| Amount: | $750,000
|
| Maturity: | Dec. 16, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final level of each index is greater than initial level, par plus 112% of return of lesser-performing index; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to 80% of initial level, par; if final level of either index is less than 80% of initial level, 1% loss for every 1% that lesser-performing index declines beyond 20%
|
| Initial levels: | 1,519.108 for Russell and 2,885.72 for S&P
|
| Buffer levels: | 1,215.286 for Russell and 2,308.576 for S&P
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| Pricing date: | June 11
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| Settlement date: | June 14
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.5%
|
| Cusip: | 61769HGZ2
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