By Angela McDaniels
Tacoma, Wash., Dec. 4 – Morgan Stanley Finance LLC priced $3.82 million of 0% trigger Performance Leveraged Upside Securities due Dec. 3, 2020 linked to the Tokyo Stock Price index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index finishes above its initial level, the payout at maturity will be par of $10 plus 150% of the index return, subject to a maximum return of 52%.
If the index finishes at or below its initial level but at or above its trigger level, the payout will be par. The trigger level is 80% of the initial index level.
If the index finishes below its trigger level, investors will be fully exposed to the index’s decline from its initial level.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Tokyo Stock Price index
|
| Amount: | $3,815,000
|
| Maturity: | Dec. 3, 2020
|
| Coupon: | 0%
|
| Price: | Par of $10
|
| Payout at maturity: | If index finishes above initial level, par plus 150% of index return, subject to 52% maximum return; if index finishes at or below initial level but at or above trigger level, par; if index finishes below trigger level, full exposure to decline
|
| Initial index level: | 1,792.08
|
| Trigger level: | 1,433.664, 80% of initial levels
|
| Pricing date: | Nov. 30
|
| Settlement date: | Dec. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 3%
|
| Cusip: | 61768K109
|
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