By Marisa Wong
Morgantown, W.Va., June 13 – Morgan Stanley Finance LLC priced $12.26 million of 0% dual directional trigger Performance Leveraged Upside Securities due June 3, 2020 linked to the Euro Stoxx 50 index, according to a 424B2 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 of $10 plus 200% of the index return, subject to a maximum gain of 55%.
If the index declines by 20% or less, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for every 1% decline below the initial level.
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: | $12,263,250
|
| Maturity: | June 3, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If the index return is positive, par of $10 plus 200% of the index return, subject to a maximum gain of 55%; if index declines by 20% or less, par plus the absolute value of the index return; otherwise, 1% loss for every 1% decline below the initial level
|
| Initial level: | 3,554.59
|
| Pricing date: | May 31
|
| Settlement date: | June 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61766W394
|
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