By Angela McDaniels
Tacoma, Wash., Aug. 29 – Morgan Stanley Finance LLC priced $250,000 of 0% dual directional buffered Performance Leveraged Upside Securities due Sept. 1, 2022 linked to the lesser performing of the S&P 500 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
If each index’s return is positive, the payout at maturity will be par plus 120% of the lesser-performing index’s return, subject to a maximum return of 30%.
If the final level of either index is less than or equal to its initial level but the final level of each index is greater than or equal to 85% of its initial level, the payout will be par plus the absolute value of the lesser-performing index’s return.
Otherwise, investors will lose 1% for every 1% that the lesser-performing index declines beyond 15%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional buffered Performance Leveraged Upside Securities
|
| Underlying indexes: | S&P 500 and Russell 2000
|
| Amount: | $250,000
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| Maturity: | Sept. 1, 2022
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If each index’s return is positive, par plus 120% of lesser-performing index’s return, subject to maximum return of 30%; if final level of either index is less than or equal to initial level but final level of each index is greater than or equal to 85% of initial level, par plus absolute value of lesser-performing index’s return; otherwise, 1% loss for every 1% that lesser-performing index declines beyond 15%
|
| Initial levels: | 2,869.16 for S&P 500 and 1,456.039 for Russell 2000
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| Pricing date: | Aug. 27
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| Settlement date: | Aug. 30
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3.5%
|
| Cusip: | 61769HPM1
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