By Devika Patel
Knoxville, Tenn., June 15 – Morgan Stanley Finance LLC priced $11.05 million of 0% capped leveraged index-linked notes due Dec. 10, 2018 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 triple the index gain, subject to a maximum payment of $1,157.50 per $1,000 of notes.
Investors will lose 1% for each 1% decline.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Issue: | Capped leveraged index-linked notes
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| Underlying index: | S&P 500
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| Amount: | $11.05 million
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| Maturity: | Dec. 10, 2018
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index return is positive, par plus triple index gain, capped at $1,157.50 per $1,000 note; 1% loss for each 1% decline
|
| Initial level: | 2,436.10
|
| Pricing date: | June 5
|
| Settlement date: | June 12
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 1.67%
|
| Cusip: | 61768CKM8
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