By William Gullotti
Buffalo, N.Y., Nov. 2 – Morgan Stanley Finance LLC priced $4.11 million of 0% Performance Leveraged Upside Securities due Sept. 29, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par of $10 plus triple any index gain, up to a maximum return of par plus 11.16%.
Investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $4,106,000
|
| Maturity: | Sept. 29, 2022
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index return is positive, par plus 300% of index return up to a maximum payout of par plus 11.16%; 1% loss for every 1% that final index level is less than initial level
|
| Initial level: | 4,401.46
|
| Pricing date: | July 27
|
| Settlement date: | July 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.35%
|
| Cusip: | 61773FHD8
|
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