By Marisa Wong
Morgantown, W.Va., March 6 – Morgan Stanley Finance LLC priced $24.15 million of 0% capped leveraged notes due Aug. 31, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, 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 300% of any fund gain, up to a maximum settlement amount of $1,270.30 for each $1,000 principal amount of notes.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged notes
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Underlying fund: | SPDR S&P Regional Banking ETF
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Amount: | $24,151,000
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Maturity: | Aug. 31, 2018
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any fund gain, up to a maximum settlement amount of $1,270.30 for each $1,000 principal amount; full exposure to any losses
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Initial price: | $57.46
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Pricing date: | Feb. 28
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Settlement date: | March 7
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 1.67%
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Cusip: | 61768CFL6
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