By Marisa Wong
Morgantown, W.Va., May 19 – Morgan Stanley Finance LLC priced $6.57 million of 0% capped leveraged notes due March 15, 2019 linked to the SPDR S&P Regional Banking exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will be guaranteed by Morgan Stanley.
The payout at maturity will be par plus 300% of any gain in the ETF up to a maximum settlement amount of $1,304.20 per $1,000 principal amount.
Investors will be exposed to any losses.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Capped leveraged notes
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| Underlying ETF: | SPDR S&P Regional Banking ETF
|
| Amount: | $6,567,000
|
| Maturity: | March 15, 2019
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| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 300% of any fund gain up to a maximum settlement amount of $1,304.20 per $1,000 principal amount; full exposure to any losses
|
| Initial price: | $53.52
|
| Pricing date: | May 12
|
| Settlement date: | May 19
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.84%
|
| Cusip: | 61768CJJ7
|
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