By Marisa Wong
Morgantown, W.Va., July 5 – Morgan Stanley Finance LLC priced $4 million of capped contingent buffer equity notes due Sept. 26, 2019 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes at or above the 90% knock-out level, the payout at maturity will be par plus the greater of zero and 123.2% of the index return, capped 18.48%.
Otherwise, investors will be fully exposed to the index decline.
The final index level will be the average of the closing values on each of the five trading days ending Sept. 23, 2019.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Capped contingent buffer equity notes
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| Underlying index: | S&P 500 index
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| Amount: | $4 million
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| Maturity: | Sept. 26, 2019
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| Coupon: | 0%
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| Price: | Par of $1,000
|
| Payout at maturity: | If the index finishes at or above the knock-out level, par plus the greater of zero and 123.2% of the index return, capped 18.48%; otherwise, full exposure to the index decline
|
| Initial level: | 2,754.88
|
| Knock-out level: | 2,479.392, 90% of initial level
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| Final index value: | Average of the closing values on each of the five trading days ending Sept. 23, 2019
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| Pricing date: | June 22
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| Settlement date: | June 27
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| Agent: | Morgan Stanley & Co. LLC
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| Placement agents: | J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA
|
| Fees: | 1%
|
| Cusip: | 61768C5W3
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