By Sarah Lizee
Olympia, Wash., Oct. 24 – Morgan Stanley Finance LLC priced $1.35 million of 0% equity-linked partial principal at risk securities due Oct. 27, 2021 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, capped at par plus 27%.
If the index finishes flat or declines, investors will receive par plus the index return, subject to a minimum payout of 95% of par.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | S&P 500 index
|
| Amount: | $1,353,000
|
| Maturity: | Oct. 27, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus any index gain, capped at par plus 27%; 1% loss for every 1% index decline, up to maximum loss of 5%
|
| Initial index level: | 2,755.88
|
| Pricing date: | Oct. 22
|
| Settlement date: | Oct. 25
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.8%
|
| Cusip: | 61768DJJ5
|
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