By Susanna Moon
Chicago, July 23 – Morgan Stanley Finance LLC priced $9.06 million of 0% equity-linked partial principal at risk securities due Aug. 5, 2020 linked to the MSCI Europe index, according to a 424B2 filing with the Securities and Exchange Commission.
The payout at maturity will be par plus 120% of any index gain.
If the index falls, the payout will be par plus the return, with a minimum payout of $950 per security.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Equity-linked partial principal at risk securities
|
| Underlying index: | MSCI Europe
|
| Amount: | $9,064,670
|
| Maturity: | Aug. 5, 2020
|
| Coupon: | 0%
|
| Price: | Par
|
| Payout at maturity: | Par plus 120% of any index gain; if index falls, par plus the return with floor of 95% of par
|
| Initial level: | 129.86
|
| Pricing date: | July 13
|
| Settlement date: | July 18
|
| Underwriter: | Morgan Stanley & Co. LLC
|
| Fees: | 2%
|
| Cusip: | 61768R161
|
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