By Marisa Wong
Los Angeles, May 18 – Morgan Stanley Finance LLC priced $1.16 million of 0% buffered Performance Leveraged Upside Securities due Nov. 3, 2022 linked to the Dow Jones industrial average, 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 125% of the index gain, capped at par plus 26.25%. Investors will receive par if the index finishes flat or declines by 15% or less and will lose 1% for every 1% that it declines beyond 15%.
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: | Dow Jones industrial average
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| Amount: | $1.16 million
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| Maturity: | Nov. 3, 2022
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 125% of any index gain, capped at par plus 26.25%; par if index declines by 15% or less; 1% loss for every 1% index decline beyond 15%
|
| Initial level: | 24,345.72
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| Buffer level: | 20,693.862, 85% of initial level
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| Pricing date: | April 30
|
| Settlement date: | May 5
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.6%
|
| Cusip: | 61770FA63
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