By Susanna Moon
Chicago, Aug. 29 – Morgan Stanley Finance LLC priced $1.11 million of 0% buffered Performance Leveraged Upside Securities due Aug. 31, 2019 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any index gain, up to a maximum payment of $1,140.40 per $1,000 principal amount.
Investors will receive par if the index falls by up to 15% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Morgan Stanley.
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 Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $1.11 million
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| Maturity: | Aug. 28, 2019
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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 14.04%; par if index falls by up to 15%; 1% loss per 1% decline beyond 15%
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| Initial level: | 2,438.97
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61768CPN1
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