By Sarah Lizee
Olympia, Wash., April 7 – Morgan Stanley Finance LLC priced $6.47 million of 0% Performance Leveraged Upside Securities due June 4, 2021 linked to the S&P 500 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, capped at par plus 20.352%.
Investors will be fully exposed to any index decline.
The notes are guaranteed by Morgan Stanley.
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 index: | S&P 500
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Amount: | $6,474,000
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Maturity: | June 4, 2021
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | If index return is positive, par plus 300% of index return capped at par plus 20.352%; full exposure to any index decline
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Initial level: | 2,541.47
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Pricing date: | March 27
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Settlement date: | April 3
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 2.25%
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Cusip: | 61770FYA8
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