By Susanna Moon
Chicago, Oct. 31 – Morgan Stanley Finance LLC priced $7.72 million of 0% buffered Performance Leveraged Upside Securities due May 5, 2021 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 above the initial level, the payout at maturity will be par plus double the gain up to a maximum return of $12.125 per $10.00 PLUS.
If the index falls by up to 10%, the payout will be par.
Otherwise, investors will be fully exposed to any losses beyond the buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $7,720,300
|
| Maturity: | May 5, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10.00
|
| Payout at maturity: | Par plus 200% of any index gain, capped at 21.25%; if index falls by up to 10%, par; otherwise, 1% loss per 1% loss beyond 10%
|
| Initial level: | 2,768.78
|
| Pricing date: | Oct. 18
|
| Settlement date: | Oct. 23
|
| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 2.5%
|
| Cusip: | 61768T365
|
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