By Marisa Wong
Morgantown, W.Va., Dec. 20 – Morgan Stanley priced $3 million of 0% capped gears due Dec. 19, 2018 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 1.5 times the gain, up to a maximum return of 27.9%.
If the index return is negative, investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley
|
| Issue: | Capped gears
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| Underlying index: | Nasdaq-100 index
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| Amount: | $3 million
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| Maturity: | Dec. 19, 2018
|
| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes above its initial level, par plus 1.5 times the gain, up to a maximum return of 27.9%; 1% loss for each 1% index decline
|
| Initial index level: | 4,921.218
|
| Pricing date: | Dec. 14
|
| Settlement date: | Dec. 19
|
| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
| Fees: | 2%
|
| Cusip: | 61766A590
|
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