By Angela McDaniels
Tacoma, Wash., May 28 – Morgan Stanley Finance LLC priced $1.02 million of 0% buffered participation securities due May 26, 2022 linked to a basket consisting of the S&P 500 index with an 80% weight and the iShares MSCI EAFE exchange-traded fund with a 20% weight, according to a 424B2 with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the basket return is positive, the payout at maturity will be par plus the basket return. Investors will receive par if the basket declines by 20% or less and will lose 1% for every 1% that it declines beyond 20%.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Buffered participation securities
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Basket components: | S&P 500 (80% weight), iShares MSCI EAFE (20% weight)
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Maturity: | May 26, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus any basket gain; par if the basket declines by 20% or less; 1% loss for every 1% that basket declines beyond 20%
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Initial levels: | $64.09 for ETF and 2,822.24 for index
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Pricing date: | May 23
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Settlement date: | May 29
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.75%
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Cusip: | 61768Y554
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