By Wendy Van Sickle
Columbus, Ohio, March 28 – Morgan Stanley Finance LLC priced $1.12 million of 0% buffered Performance Leveraged Upside Securities due March 26, 2021 linked to a basket of four indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 40% weight, Euro Stoxx 50 index with a 40% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 121% of any basket gain.
If the basket finishes flat or falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline 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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| Basket components: | S&P 500 index with a 40% weight, Euro Stoxx index with a 40% weight, iShares MSCI Emerging Markets ETF with a 20% weight
|
| Amount: | $1,124,000
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| Maturity: | March 26, 2021
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 121% of any basket gain; par if basket finishes flat or falls by up to 20%; otherwise, 1% for every 1% decline beyond 20%
|
| Initial component values: | 2,588.26 for S&P, 3,298.07 for Stoxx, $46.89 for EM ETF
|
| Pricing date: | March 23
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| Settlement date: | March 28
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 0.75%
|
| Cusip: | 61768CN37
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