By Marisa Wong
Morgantown, W.Va., Sept. 2 – Morgan Stanley Finance LLC priced $21.25 million of 0% dual directional trigger Performance Leveraged Upside Securities due Sept. 5, 2019 linked to the Euro Stoxx 50 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus 200% of any index gain, subject to a maximum return of 47%.
If the final index level is less than or equal to the initial index level but greater than or equal to the 80% trigger level, the payout will be par plus the absolute value of the index return.
If the final index level is less than the trigger level, investors will have one-to-one exposure to the decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Dual directional trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx 50
|
| Amount: | $21,248,830
|
| Maturity: | Sept. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | Par plus 200% of any index gain, subject to a maximum return of 47%; if the final index level is less than or equal to the initial index level but greater than or equal to the trigger level, par plus the absolute value of the index return; if the final index level is less than the trigger level, investors will have one-to-one exposure to the decline
|
| Initial index level: | 3,023.13
|
| Trigger level: | 2,418.504, 80% of initial level
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| Pricing date: | Aug. 31
|
| Settlement date: | Sept. 6
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3%
|
| Cusip: | 61766B812
|
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