By Susanna Moon
Chicago, Dec. 21 – Morgan Stanley Finance LLC priced $575,000 of 0% buffered Performance Leveraged Upside Securities due Jan. 22, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 20.4%.
Investors will receive par if the index falls by up to 12.5% and will lose 1% for every 1% decline beyond 12.5%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $575,000
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| Maturity: | Jan. 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 150% of any index gain, capped at par plus 20.4%; par if index falls by up to 12.5%; 1% loss for each 1% drop beyond 12.5%
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| Initial level: | 2,262.53
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| Pricing date: | Dec. 19
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| Settlement date: | Dec. 22
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
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| Cusip: | 61768CDE4
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