By Kiku Steinfeld
Chicago, Oct. 17 – Morgan Stanley Finance LLC priced $2.85 million of 0% Performance Leveraged Upside Securities due Jan. 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.
The payout at maturity will be par of $10 plus triple any index gain, subject to a maximum return of 13%.
Investors will lose 1% for each 1% decline of the index from its initial level.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $2,851,140
|
| Maturity: | Jan. 5, 2021
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus triple any index gain, subject to 13% maximum return; 1% loss for each 1% decline of the index from its initial level
|
| Initial level: | 2,976.74
|
| Pricing date: | Sept. 30
|
| Settlement date: | Oct. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 61770C210
|
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