By Susanna Moon
Chicago, Sept. 26 – Morgan Stanley Finance LLC priced $3.27 million of 0% capped leveraged notes due Oct. 29, 2018 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus 300% of any fund gain up to a maximum settlement amount of $1,195.60 per $1,000 principal amount.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Capped leveraged notes
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| Underlying fund: | SPDR S&P Regional Banking ETF
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| Amount: | $3.27 million
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| Maturity: | Oct. 29, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 300% of any fund gain capped at 19.56%; exposure to any losses
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| Initial price: | $53.46
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| Pricing date: | Sept. 19
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| Settlement date: | Sept. 26
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1.13%
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| Cusip: | 61768CQR1
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