By Emma Trincal
New York, Aug. 6 – Morgan Stanley Finance LLC priced $1.97 million of 0% capped leveraged notes due Nov. 3, 2022 linked to the Euro Stoxx 50 index converted into U.S. dollars, according to a 424B2 filing with the Securities and Exchange Commission.
The return on the notes is based on the performance of both the underlier and the exchange rate.
The initial level and the final level of the underlying index are converted into dollars from euros at the exchange rates in effect on the trade date and final determination date.
Accordingly, any depreciation in the value of the euro relative to the U.S. dollar (or alternatively, any increase in the value of the U.S. dollar relative to the euro) will adversely affect the return on the notes.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 300% of any index gain, capped at par plus 18.3%.
Investors will be fully exposed to any decline in the index.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged notes
|
| Underlying index: | Euro Stoxx 50 converted into U.S. dollars
|
| Amount: | $1,970,000
|
| Maturity: | Nov. 3, 2022
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any index gain, capped at par plus 18.3%; full exposure to losses
|
| Initial level: | 4,891.162
|
| Pricing date: | Aug. 2
|
| Settlement date: | Aug. 9
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.25%
|
| Cusip: | 61773FKP7
|
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