By Marisa Wong
Morgantown, W.Va., Dec. 21 – Morgan Stanley Finance LLC priced $3 million of 0% gears due Dec. 18, 2020 linked to the Alerian MLP exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the fund finishes above its initial level, the payout at maturity will be par plus 2.75 times the gain.
If the fund return is negative, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Gears
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| Underlying ETF: | Alerian MLP ETF
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| Amount: | $3 million
|
| Maturity: | Dec. 18, 2020
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the fund finishes above its initial level, par plus 2.75 times the gain; full exposure to any fund decline
|
| Initial price: | $10.87
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| Strike date: | Dec. 14
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| Pricing date: | Dec. 15
|
| Settlement date: | Dec. 20
|
| Agent: | Morgan Stanley & Co. LLC
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| Dealer: | UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61768K802
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