By Wendy Van Sickle
Columbus, Ohio, Nov. 29 – Morgan Stanley Finance LLC priced $3.7 million of 0% buffered Performance Leveraged Upside Securities due Nov. 27, 2019 linked to an unequally weighted basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 50% weight, the Euro Stoxx 50 index with a 30% weight and the iShares MSCI Emerging Markets ETF with a 20% weight.
The payout at maturity will be par plus 200% of any basket gain up to a 21.95% return cap.
Investors will receive par if the basket falls by up to 10% and will lose 1% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Basket components: | S&P 500 index (50% weight), Euro Stoxx 50 index (30% weight) and iShares MSCI Emerging Markets ETF (20% weight)
|
| Amount: | $3,703,000
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| Maturity: | Nov. 27, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | If basket return is positive, par plus 200% of return up to 21.95% return cap ; par if basket declines by 10% or less; exposure to losses beyond 10%
|
| Initial levels: | 2,597.08 for S&P 500, 3,562.65 for Stoxx, $47.81 for Emerging Markets ETF
|
| Pricing date: | Nov. 22
|
| Settlement date: | Nov. 28
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 0.6%
|
| Cusip: | 61768CUT2
|
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