By Sarah Lizee
Olympia, Wash., Dec. 23 – Morgan Stanley Finance LLC priced $2 million of 0% buffered Performance Leveraged Upside Securities due Dec. 9, 2021 linked to a basket containing two indexes and two exchange-traded funds, according to a 424B2 filing with the Securities and Exchange Commission.
The basket consists of the S&P 500 index (25% weight), the Russell 2000 index (20% weight), the iShares S&P 500 Value ETF (35% weight) and the iShares MSCI EAFE ETF (20% weight).
If the return of basket is greater than or equal to its initial value, the payout will be par plus 108% of the basket return.
If the basket falls by up to 10%, the payout will be par.
If the basket falls by more than 30%, investors will lose 1% for every 1% decline of the basket beyond 30%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a dealer.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying basket: | S&P 500 index (25% weight), the Russell 2000 index (20% weight), the iShares S&P 500 Value ETF (35% weight) and the iShares MSCI EAFE ETF (20% weight)
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| Amount: | $2 million
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| Maturity: | Dec. 9, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the return of basket is greater than or equal initial value, par plus 108% of basket return; if the basket falls by up to 30%, par; if the basket falls by more than 30%, 1% loss for every 1% decline of the basket beyond 30%
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| Initial levels: | 2,976.00 for S&P, 1,486.347 for Russell, $343.26 for MidCap, $40.79 for Emerging Markets
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| Pricing date: | Dec. 4
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| Settlement date: | Dec. 9
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| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | Morgan Stanley Wealth Management
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| Fees: | 0.6%
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| Cusip: | 61769H3E3
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