By Kiku Steinfeld
Chicago, July 15 – Morgan Stanley Finance LLC priced $1.4 million of 0% capped leveraged notes due Jan. 11, 2024 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 200% of any index gain, up to a maximum settlement amount of $1,383 per $1,000 of notes.
Investors will be fully exposed to any decline in the index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged notes
|
| Underlying index: | S&P 500
|
| Amount: | $1,400,000
|
| Maturity: | Jan. 11, 2024
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 38.3%; full exposure to losses
|
| Initial level: | 3,152.05
|
| Pricing date: | July 9
|
| Settlement date: | July 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.73%
|
| Cusip: | 61771BUC6
|
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