By Sarah Lizee
Olympia, Wash., Sept. 10 – Morgan Stanley Finance LLC priced $364,560 of 0% buffered PLUS notes due Sept. 3, 2021 tied to the Tokyo Stock Price index, 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 the index gain, capped at $11.65 per $10 of notes, if the index finishes above its initial value.
Investors will receive par if the index declines but not more than 15%.
Otherwise, investors will be exposed to the losses of the index beyond the 15% buffer.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered PLUS
|
| Underlying index: | Tokyo Stock Price
|
| Amount: | $364,560
|
| Maturity: | Sept. 3, 2021
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 200% of the index percent increase, capped at $11.65 per $10 of notes, if index finishes above initial level; par if index declines but not more than 15%; exposure to losses of index beyond 10% buffer
|
| Initial level: | 1,511.86
|
| Buffer level: | 1,285.081, 85% of initial level
|
| Pricing date: | Aug. 30
|
| Settlement date: | Sept. 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61769Q501
|
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