By Marisa Wong
Morgantown, W.Va., Aug. 23 – Morgan Stanley Finance LLC priced $2 million of 0% market-linked notes due Aug. 14, 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.
The payout at maturity will be par plus any index gain, up to a maximum return of 13.88%.
If the index falls, the payout will be par.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Market-linked notes
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Underlying index: | S&P 500
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Amount: | $2 million
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Maturity: | Aug. 14, 2020
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Coupon: | 0%
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Price: | Par of $1,000
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Payout at maturity: | Par plus any index gain, up to a maximum return of 13.88%; if the index falls, par
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Initial level: | 2,441.32
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Pricing date: | Aug. 11
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Settlement date: | Aug. 16
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61768CPE1
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