By Susanna Moon
Chicago, March 19 – Morgan Stanley Finance LLC priced $3.55 million of 0% leveraged buffered due March 27, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum settlement amount of $1,200.10 for each $1,000 principal amount.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
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: | Leveraged buffered notes
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| Underlying index: | S&P 500
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| Amount: | $3.55 million
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| Maturity: | March 27, 2020
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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 20%; par if index declines by up to 10%; 1.1111% loss per 1% decline beyond 10%
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| Initial level: | 2,677.67
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| Barrier level: | 2,409.903, 90% of initial level
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| Pricing date: | March 1
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| Settlement date: | March 8
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61768CF44
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