By Sarah Lizee
Olympia, Wash., July 15 – Morgan Stanley Finance LLC priced $3 million of 0% Performance Leveraged Upside Securities due Aug. 13, 2021 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index return is positive, the payout at maturity will be par of $10 plus 300% of the index return, subject to a maximum return of 17.05%. If the index return is negative, investors will be fully exposed to the decline.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent with Morgan Stanley Wealth Management handling distribution.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $3 million
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| Maturity: | Aug. 13, 2021
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| Coupon: | 0%
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| Price: | Par of $10
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| Payout at maturity: | If index return is positive, par plus 300% of index return, subject to 17.05% maximum return; if index declines, full exposure to decline
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| Initial index level: | 3,185.04
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| Pricing date: | July 10
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| Settlement date: | July 15
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| Agent: | Morgan Stanley & Co. LLC
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| Distribution: | Morgan Stanley Wealth Management
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| Fees: | 0.85%
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| Cusip: | 61771C573
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