By Marisa Wong
Morgantown, W.Va., April 20 – Morgan Stanley Finance LLC plans to price 0% commodity-linked partial principal at risk securities due April 2, 2020 linked to the Bloomberg Commodity Index 3 Month Forward, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity for each $1,000 principal amount will be $964.30 plus the supplemental redemption amount, which is equal to the index return and subject to a floor of zero. If the index does not gain by at least 3.57%, investors will receive less than par.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Commodity-linked partial principal at risk securities
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| Underlying index: | Bloomberg Commodity Index 3 Month Forward
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| Amount: | $1.5 million
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| Maturity: | April 2, 2020
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | 96.43% of par plus an additional amount equal to the index return subject to a floor of zero
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| Initial level: | 209.5048
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| Pricing date: | March 29
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| Settlement date: | April 4
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| Agent: | Morgan Stanley & Co. LLC with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents
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| Fees: | 1.5%
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| Cusip: | 61766YCP4
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