By Marisa Wong
Morgantown, W.Va., June 20 – Morgan Stanley Finance LLC priced $2.41 million of 0% buffered Performance Leveraged Upside Securities due Jan. 3, 2020 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 200% of the index return, subject to a maximum gain of 19%. Investors will receive par if the index declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,412,850
|
| Maturity: | Jan. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of any index gain, subject to a maximum gain of 19%; par if the index declines by 10% or less; 1% loss for every 1% decline beyond 10%
|
| Initial level: | 2,433.15
|
| Pricing date: | June 16
|
| Settlement date: | June 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61766W733
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