By Susanna Moon
Chicago, Dec. 21 – Morgan Stanley Finance LLC priced $4.19 million of 0% leveraged buffered notes due July 24, 2018 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 150% of any index gain, up to a maximum settlement amount of $1,175.50 per $1,000 principal amount.
Investors will receive par if the index falls by up to 12.5% and will lose 1.1429% for each 1% decline beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Leveraged buffered notes
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Underlying index: | S&P 500
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Amount: | $4,185,000
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Maturity: | July 24, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 150% of any index gain, capped at 17.55%; par if index declines by up to 12.5%; 1.1429% loss for every 1% decline beyond 12.5%
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Initial index level: | 2,262.53
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Pricing date: | Dec. 19
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Settlement date: | Dec. 27
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768CCZ8
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