By Wendy Van Sickle
Columbus, Ohio, May 31 – Morgan Stanley Finance LLC priced $5.14 million of 0% buffered Performance Leveraged Upside Securities due May 31, 2022 linked to the S&P 500 index, according to a 424B2 with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus131.27% of the return.
Investors will receive par if the index falls by up to 35% and will lose 1.5385% for each 1% decline beyond the buffer.
The notes are guaranteed by Morgan Stanley.
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: | $5,137,000
|
| Maturity: | May 31, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 131.27% of any index gain; if index falls by up to 35%, par; otherwise, 1.5385% loss per 1% decline beyond 35%
|
| Initial level: | 2,721.33
|
| Pricing date: | May 16
|
| Settlement date: | May 21
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61768C2S5
|
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