By Marisa Wong
Morgantown, W.Va., May 4 – Morgan Stanley Finance LLC priced $1.56 million of 0% equity-linked partial principal at risk securities due April 29, 2021 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 of $1,000 plus 73% of any index gain.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of $950 per security.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,559,000
|
| Maturity: | April 29, 2021
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 73% times any index gain; 1% loss for every 1% index decline, up to maximum loss of 5%
|
| Initial index level: | 2,639.40
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1%
|
| Cusip: | 61768CV53
|
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