By Susanna Moon
Chicago, Dec. 7 – Morgan Stanley Finance LLC priced $3.4 million of 0% buffered jump securities due Nov. 30, 2021 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.
If index finishes above its initial level, the payout at maturity will be par plus the greater of the return and the upside payment of 30%.
Investors will receive par if the index falls by up to 15% and will be exposed to losses beyond 15%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered jump securities
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| Underlying index: | S&P 500
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| Amount: | $3,398,000
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| Maturity: | Nov. 30, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index gains, par plus greater of index return and 30%; par if index falls by 15% or less; 1% loss for every 1% drop beyond 15%
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| Initial level: | 2,201.72
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| Pricing date: | Nov. 28
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| Settlement date: | Nov. 30
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.75%
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| Cusip: | 61768CBV8
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