By Marisa Wong
Morgantown, W.Va., Aug. 15 – Morgan Stanley Finance LLC priced $15,797,000 of 0% dual directional trigger Performance Leveraged Upside Securities due Nov. 14, 2019 based on the performance of 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 commodity price is greater than the initial price, the payout at maturity will be par plus double the gain, capped at par plus 22.25%.
If the commodity price falls by up to 25%, the payout will be par plus the absolute value of the asset return.
Otherwise, investors will be fully exposed to the decline in the commodity price.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Dual directional trigger Performance Leveraged Upside Securities
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| Underlying asset: | West Texas Intermediate light sweet crude oil futures contracts
|
| Amount: | $15,797,000
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| Maturity: | Nov. 14, 2019
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| Coupon: | 0%
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| Price: | Par
|
| Payout at maturity: | If the final price is greater than the initial price, par plus double the gain, capped at par plus 22.25%; if the price falls by up to 25%, par plus the absolute value of the return; otherwise, full exposure to losses
|
| Initial price: | $67.63
|
| Trigger price: | $50.7225, 75% of initial price
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| Pricing date: | Aug. 10
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| Settlement date: | Aug. 15
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.25%
|
| Cusip: | 61766YDE8
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