By Wendy Van Sickle
Columbus, Ohio, June 6 – Morgan Stanley Finance LLC priced $1.98 million of 0% review notes due June 19, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be called at par plus an annualized call premium of 8.6% if the index closes at or above initial level on any semiannual review date.
If the notes are not called, the payout at maturity will be par unless the index finishes below its 70% trigger level, in which case investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
J.P. Morgan Securities LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Review notes
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| Underlying index: | Euro Stoxx Banks
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| Amount: | $1.98 million
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| Maturity: | June 19, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par unless index falls by more than 30%, in which case 1% loss for each 1% decline
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| Call: | At par plus 8.6% annualized if index closes at or above initial level on a semiannual review date
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| Initial level: | 113.43
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| Final level: | Average closing level on five trading days ending June 14, 2019
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| Pricing date: | June 1
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| Settlement date: | June 6
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| Agent: | J.P. Morgan Securities LLC
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| Fees: | 1%
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| Cusip: | 61768C4A2
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