By Sarah Lizee
Olympia, Wash., July 8 – Morgan Stanley Finance LLC priced $3.06 million of 0% buffered Performance Leveraged Upside Securities due July 8, 2020 linked to the Dow Jones industrial average, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 215% of any index gain, capped at par plus 13.15%.
Investors will receive par if the index falls by up to 5% and will lose 1.0526% for each 1% decline beyond 5%.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
|
| Issue: | Buffered Performance Leveraged Upside Securities
|
| Underlying index: | Dow Jones industrial average
|
| Amount: | $3,064,000
|
| Maturity: | July 8, 2020
|
| Price: | Par
|
| Payout at maturity: | Par plus 215% of any index gain, capped at par plus 13.15%; par if the index falls by up to 5%; 1.0526% loss for each 1% decline beyond 5%
|
| Initial level: | 26,717.43
|
| Buffer level: | 25,381.559; 95% of initial value
|
| Pricing date: | July 1
|
| Settlement date: | July 5
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | None
|
| Cusip: | 61769HKU8
|
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