By Marisa Wong
Morgantown, W.Va., Dec. 20 – Morgan Stanley priced $4 million of 0% capped gears due Dec. 19, 2018 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 37.8%.
If the index return is negative, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Capped gears
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $4 million
|
| Maturity: | Dec. 19, 2018
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index finishes above its initial level, par plus 1.5 times the gain, up to a maximum return of 37.8%; 1% loss for each 1% index decline
|
| Initial index level: | 19,792.53
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
| Fees: | 2%
|
| Cusip: | 61766A608
|
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