By Marisa Wong
Morgantown, W.Va., July 26 – Morgan Stanley Finance LLC priced $1.75 million of 0% buffered Performance Leveraged Upside Securities due July 23, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par of $1,000 plus 150% of any index gain, capped at $1,233 per PLUS.
Investors will receive par if the index falls by up to 10% and will be exposed to any losses beyond the buffer.
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: | $1.75 million
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| Maturity: | July 23, 2020
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| Coupon: | 0%
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| Price: | Par of $1,000
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| Payout at maturity: | Par plus 150% of any index gain, capped at par plus 23.3%; if index falls by up to 10%, par; otherwise, 1% loss per 1% decline beyond 10%
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| Initial level: | 2,801.83
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| Pricing date: | July 20
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| Settlement date: | July 25
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61768DAN5
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