By Angela McDaniels
Tacoma, Wash., Oct. 16 – Morgan Stanley Finance LLC priced $7.98 million of 0% trigger Performance Leveraged Upside Securities due Nov. 5, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 200% of the index return, subject to a maximum return of 45%.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 75% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks
|
| Amount: | $7,975,900
|
| Maturity: | Nov. 5, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 200% of index return, subject to 45% maximum return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, full exposure to decline
|
| Initial index level: | 134.68
|
| Trigger level: | 101.01, 75% of initial levels
|
| Pricing date: | Oct. 12
|
| Settlement date: | Oct. 17
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61768J524
|
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