By Wendy Van Sickle
Columbus, Ohio, Aug. 23 – Morgan Stanley Finance LLC priced $1 million of 0% buffered Performance Leveraged Upside Securities due Feb. 22, 2019 linked to the VanEck Vectors Oil Services exchange-traded fund, according to an FWP filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 133% of any fund gain, up to a maximum return of 53.2%.
Investors will receive par if the fund falls by up to 20% and will lose 1.25% for each 1% decline beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying fund: | VanEck Vectors Oil Services ETF
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| Amount: | $1 million
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| Maturity: | Feb. 22, 2019
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | Par plus 133% of any fund gain, capped at 53.2%; par if fund falls by 20% or less; 1.25% loss for every 1% decline beyond 20%
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| Initial share price: | $29.64
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| Pricing date: | Aug. 19
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| Settlement date: | Aug. 24
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | None
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| Cusip: | 61766BBY6
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