By Marisa Wong
Los Angeles, June 26 – Morgan Stanley Finance LLC priced $695,000 of 0% buffered Performance Leveraged Upside Securities due Dec. 15, 2022 linked to the S&P 500 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the index return is positive, the payout at maturity will be par plus 200% of the index gain, capped at par plus 19.5%. Investors will receive par if the index finishes flat or declines by 10% or less and will lose 1% for every 1% that it declines beyond 10%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $695,000
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| Maturity: | Dec. 15, 2022
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 200% of any index gain, capped at par plus 19.5%; par if index declines by 10% or less; 1% loss for every 1% index decline beyond 10%
|
| Initial level: | 3,002.10
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| Pricing date: | June 11
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| Settlement date: | June 16
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| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2.5%
|
| Cusip: | 61771BKJ2
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