By Sarah Lizee
Olympia, Wash., Dec. 31 – Morgan Stanley Finance LLC priced $4.04 million of 0% buffered Performance Leveraged Upside Securities due July 1, 2020 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.
If the index return is positive, the payout at maturity will be par plus 150% of the index return, capped at par plus 19.4%.
Investors will receive par if the index declines by up to 20% and will lose 1.25% for every 1% that it declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $4,035,000
|
| Maturity: | July 1, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index return is positive, par plus 150% of the index return, capped at par plus 19.4%; par if index drops up to 20%; 1.25% loss for every 1% decline beyond 20%
|
| Initial level: | 2,467.70
|
| Pricing date: | Dec. 27
|
| Settlement date: | Dec. 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0%
|
| Cusip: | 61768DWD3
|
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