By Angela McDaniels
Tacoma, Wash., May 2 – Morgan Stanley Finance LLC priced $6.5 million of 0% inverse market-linked notes due Nov. 4, 2020 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 final index level is greater than the initial index level, the payout at maturity will be par. If the final index level is less than or equal to the initial index level, the payout will be par plus 5.5%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Inverse market-linked notes
|
| Underlying index: | S&P 500
|
| Amount: | $6.5 million
|
| Maturity: | Nov. 4, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If final index level is greater than initial index level, par; if final index level is less than or equal to initial index level, par plus 5.5%
|
| Initial level: | 2,943.03 (closing level on April 29)
|
| Pricing date: | April 30
|
| Settlement date: | May 7
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61768D7Y5
|
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