By Wendy Van Sickle
Columbus, Ohio, June 5 – Morgan Stanley Finance LLC priced $9 million of 0% notes due June 23, 2020 linked to West Texas Intermediate light sweet crude oil, according to a 424B2 filing with the Securities and Exchange Commission.
If the percent change in the price of oil is greater than the initial level, the payout at maturity will be par plus the greater of the return and 20.52%.
If the final price of oil is less than the initial price, investors will receive par plus the oil price return plus 20.52%.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Notes
|
| Underlying commodity: | West Texas Intermediate light sweet crude oil
|
| Amount: | $8,995,000
|
| Maturity: | June 23, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If percent change in oil price is greater than initial level, par plus greater of return and 20.52%; otherwise, investors will receive par plus the return plus 20.52%
|
| Initial price: | $67.88
|
| Pricing date: | May 25
|
| Settlement date: | June 4
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61766YCW9
|
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