By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – Morgan Stanley Finance LLC priced $1.25 million of 0% buffered Performance Leveraged Upside Securities due July 9, 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 return is positive, the payout at maturity will be par plus 150% of the index return up to a maximum payout of par plus 32.85%.
Investors will receive par if the index declines by up to 15% and will lose 1% for every 1% that it declines beyond 15%.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| 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: | $1.25 million
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| Maturity: | July 9, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus 150% of the index return, up maximum of par plus 32.85%; par if index drops up to 15%; 1% loss for every 1% decline beyond 15%
|
| Initial level: | 2,510.03
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| Buffer level: | 2,133.526, 85% of initial level
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| Pricing date: | Jan. 2
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| Settlement date: | Jan. 7
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| Agent: | Morgan Stanley & Co. LLC with Morgan Stanley Wealth Management handling distribution
|
| Fees: | 0.6%
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| Cusip: | 61768DXV2
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