By William Gullotti
Buffalo, N.Y., Dec. 2 – Morgan Stanley Finance LLC priced $6.36 million of 0% capped leveraged notes due Dec. 28, 2022 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 300% of any index gain, capped at par plus 13.59%.
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 index
|
| Amount: | $6,362,000
|
| Maturity: | Dec. 28, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 13.59%; full exposure to losses
|
| Initial level: | 4,690.7
|
| Pricing date: | Nov. 23
|
| Settlement date: | Dec. 1
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.08%
|
| Cusip: | 61773HHN2
|
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