By Marisa Wong
Morgantown, W.Va., Jan. 8 – Morgan Stanley Finance LLC priced $3.51 million of 0% trigger Performance Leveraged Upside Securities due July 3, 2019 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.
If the fund return is positive, the payout at maturity will be par of $10 plus 300% of the fund, capped at $12.21 per PLUS.
If the fund falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for each 1% decline from the initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying ETF: | SPDR S&P Oil & Gas Exploration & Production ETF
|
| Amount: | $3,510,150
|
| Maturity: | July 3, 2019
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If fund return is positive, par of $10 plus 300% of fund return, capped at $12.21 per PLUS; par if fund falls by up to 20%; 1% loss for every 1% decline from initial level if fund drops more than 20%
|
| Initial price: | $37.62
|
| Trigger level: | $30.096, 80% of the initial share price
|
| Pricing date: | Dec. 28
|
| Settlement date: | Jan. 3
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61768K778
|
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