By Wendy Van Sickle
Columbus, Ohio, June 10 – Morgan Stanley Finance LLC priced $2.74 million of 0% capped airbag gears due Nov. 17, 2022 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 plus 1.5 times any index gain, subject to a maximum return of par plus 15.17%.
Investors will receive par if the index falls by up to 10% and will lose 1.111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as placement agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Capped airbag gears
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| Underlying index: | S&P 500 index
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| Amount: | $2,741,000
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| Maturity: | Nov. 17, 2022
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 1.5 times any index gain, with return capped at par plus 15.17%; par if index declines by 10% or less; 1.111% loss for each 1% decline beyond 10%
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| Initial level: | 4,173.85
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| Downside threshold: | 3,756.47; 90% of initial price
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| Pricing date: | May 14
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| Settlement date: | May 20
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| Agents: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as placement agent
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| Fees: | None
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| Cusip: | 61772X451
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