By Marisa Wong
Morgantown, W.Va., June 5 – Morgan Stanley Finance LLC priced $2.8 million of 0% notes due Aug. 19, 2019 linked to West Texas Intermediate light sweet crude oil futures contracts, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final price is greater than or equal to the initial price, the payout at maturity will be the greater of the threshold settlement amount, $1,125.60 per $1,000 note, and par plus the return.
If the final price is less than the initial price, the payout will be par plus the return plus the threshold amount, which is expected to be 12.56%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Principal at risk securities
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| Underlier: | West Texas Intermediate light sweet crude oil futures contracts
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| Amount: | $2.8 million
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| Maturity: | Aug. 19, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If the final price is greater than or equal to the initial price, greater of the threshold settlement amount, $1,125.60 per $1,000 note, and par plus the return; if final price is less than the initial price, par plus the return plus the threshold amount of 12.56%
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| Initial price: | $67.04
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| Pricing date: | May 31
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| Settlement date: | June 7
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 1%
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| Cusip: | 61766YCY5
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