By Sarah Lizee
Olympia, Wash., Aug. 20 – Morgan Stanley Finance LLC priced $1.11 million of 0% outperformance jump securities due Aug. 27, 2020 linked to the performance of the MSCI Europe index relative to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The guarantor is Morgan Stanley.
If the MSCI Europe return is greater than or equal to the S&P 500 return, the payout at maturity will be par of $10 plus 14.65%.
If the MSCI Europe return is less than the S&P 500 return, the payout will be equal to the outperformance return, which is the MSCI Europe return minus the S&P 500 return. In this case, the payout will be less than par.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is the dealer.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Outperformance jump securities
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Underlyings: | MSCI Europe index relative to the S&P 500 index
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Amount: | $1.11 million
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Maturity: | Aug. 27, 2020
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Coupon: | 0%
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Price: | Par of $10.00
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Payout at maturity: | If the MSCI Europe return is greater than or equal to the S&P 500 return, par plus 14.65%; if the MSCI Europe return is less than the S&P 500 return, MSCI Europe return minus the S&P 500 return, in which case the payout will be less than par
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Initial prices: | 124.52 for MSCI Europe, 2,888.68 for S&P
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Pricing date: | Aug. 16
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Settlement date: | Aug. 21
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Agent: | Morgan Stanley & Co. LLC
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Distribution: | Morgan Stanley Wealth Management
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Fees: | 2.25%
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Cusip: | 61769Q444
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