By Angela McDaniels
Tacoma, Wash., June 18 – Morgan Stanley Finance LLC priced $2.48 million of 0% bullish barrier market-linked notes with daily barrier observation due July 19, 2021 linked to the price of gold, according to a 424B2 filing with the Securities and Exchange Commission.
A barrier event occurs if the gold price is greater than the upper barrier, 125% of the initial gold price, on any day during the life of the notes.
The payout at maturity will be par plus 1% unless a barrier event has not occurred and the gold return is positive, in which case the payout will be par plus the gold return.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent. UBS Financial Services Inc. is acting as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Issue: | Morgan Stanley
|
| Underlying commodity: | Gold
|
| Amount: | $2,479,000
|
| Maturity: | July 19, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 1% unless barrier event has not occurred and gold return is positive, in which case par plus gold return
|
| Barrier event: | Gold price is greater than upper barrier on any day during life of notes
|
| Initial gold price: | $1,351.25
|
| Upper barrier: | $1,689.0625, or 125% of initial price
|
| Pricing date: | June 14
|
| Settlement date: | June 18
|
| Agent: | Morgan Stanley & Co. LLC
|
| Dealer: | UBS Financial Services Inc.
|
| Fees: | 1.5%
|
| Cusip: | 61766YDX6
|
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