By Marisa Wong
Morgantown, W.Va., March 29 – Morgan Stanley Finance LLC priced $745,000 of 0% leveraged buffered notes due April 30, 2018 linked to the SPDR S&P Oil & Gas Exploration & Production exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 200% of any fund gain, up to a maximum settlement amount of $1,213 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 10% and will lose 1.1111% for each 1% decline beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
|
| Issue: | Leveraged buffered notes
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| Underlying fund: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $745,000
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| Maturity: | April 30, 2018
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | Par plus 200% of any fund gain, capped at 21.3%; par if fund declines by up to 10%; 1.1111% loss for every 1% decline beyond 10%
|
| Initial price: | $36.4913
|
| Buffer level: | $32.84217, 90% of initial level
|
| Pricing date: | March 20
|
| Settlement date: | March 27
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.95%
|
| Cusip: | 61768CGH4
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