By Marisa Wong
Morgantown, W.Va., April 12 – Morgan Stanley Finance LLC priced $4.12 million of 0% buffered Performance Leveraged Upside Securities due April 5, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par of $10 plus 112% of the index return. Investors will receive par if the index declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $4,118,950
|
| Maturity: | April 5, 2022
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| Coupon: | 0%
|
| Price: | Par of $10
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| Payout at maturity: | Par plus 112% of any index gain; par if the index declines by 20% or less; 1% loss for every 1% decline beyond 20%
|
| Initial level: | 2,362.72
|
| Pricing date: | March 31
|
| Settlement date: | April 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61766V685
|
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