By Cady Vishniac
Detroit, Dec. 10 – Morgan Stanley Finance LLC priced $2.3 million of 0% leveraged buffered notes due Dec. 9, 2022 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.
If the index return is positive, the payout at maturity will be par plus 1.5 times the index gain, capped at $1,168.75 per $1,000 principal amount.
Investors will receive par if the index falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Leveraged buffered notes
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| Underlying index: | S&P 500 index
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| Amount: | $2.3 million
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| Maturity: | Dec. 9, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.5 times any index gain, capped at par plus 16.875%; par if index falls by up to 10%; 1.1111% loss for each 1% decline beyond 10%
|
| Initial level: | 3,691.96
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| Buffer level: | 3,322.764, 90.00% of initial level
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| Pricing date: | Dec. 7
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| Settlement date: | Dec. 14
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 2%
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| Cusip: | 61771EMC9
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