By Sarah Lizee
Olympia, Wash., June 18 – Morgan Stanley Finance LLC priced $2.84 million of 0% Performance Leveraged Upside Securities due Oct. 5, 2020 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 300% of the gain, capped at par plus 13.75%.
Investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. Morgan Stanley Wealth Management is a selected dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Performance Leveraged Upside Securities
|
| Underlying index: | S&P 500
|
| Amount: | $2,844,750
|
| Maturity: | Oct. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If index gains, par plus 300% of return capped at par plus 13.75%; 1% loss per 1% decline
|
| Initial level: | 2,886.98
|
| Pricing date: | June 14
|
| Settlement date: | June 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | Morgan Stanley Wealth Management
|
| Fees: | 2.25%
|
| Cusip: | 61768Y620
|
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