By Wendy Van Sickle
Columbus, Ohio, June 24 – Morgan Stanley Finance LLC priced $16.33 million of 0% buffered digital notes due Sept. 23, 2020 linked to the S&P GSCI Brent Crude Oil Commodity Excess Return, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the commodity’s return is greater than or equal to negative 20%, the payout at maturity will be $1,121.20 per $1,000 principal amount.
Otherwise, investors will lose 1.25% for each 1% that the commodity declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered digital notes
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| Underlying commodity: | S&P GSCI Brent Crude Oil Commodity Excess Return
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| Amount: | $16.33 million
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| Maturity: | Sept. 23, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If commodity return is greater than or equal to negative 20%, maximum settlement amount of $1,121.20 per $1,000 of notes; otherwise, 1.25% loss for each 1% that commodity declines beyond 20%
|
| Initial level: | 378.708
|
| Threshold level: | 302.9664, 80% of initial level
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| Pricing date: | June 20
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| Settlement date: | June 27
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.95%
|
| Cusip: | 61766YEB3
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