By Marisa Wong
Morgantown, W.Va., April 10 – Morgan Stanley Finance LLC priced $545,000 of 0% trigger Performance Leveraged Upside Securities due March 29, 2019 linked to the Euro Stoxx Banks index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
If the final index level is greater than the initial index level, the payout at maturity will be par plus 350% of the index gain, subject to a maximum payout of par plus 35%.
If the index finishes flat or falls by no more than 30%, the payout will be par.
If the index finishes below the 70% trigger level, investors will be fully exposed to the index decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Trigger Performance Leveraged Upside Securities
|
| Underlying index: | Euro Stoxx Banks index
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| Amount: | $545,000
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| Maturity: | March 29, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 350% of any index gain, return capped at 35%; if index finishes flat or falls by no more than 30%, par; if index finishes below trigger level, full exposure to losses
|
| Initial index level: | 127.21
|
| Trigger level: | 89.047, 70% of initial level
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| Pricing date: | March 28
|
| Settlement date: | March 31
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768CFS1
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