By Tali Rackner
Minneapolis, March 16 – Morgan Stanley Finance LLC priced $7.55 million of 0% buffered return enhanced notes due July 2, 2019 linked to the Euro Stoxx 50 index, 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 triple any index gain, subject to a maximum payment of $1,264 per $1,000 principal amount.
Investors will receive par if the index declines by up to 10% and will lose 1.1111% for each 1% that the index declines beyond the buffer.
The final index level will be the arithmetic average of the closing levels on June 21, 2019, June 24, 2019, June 25, 2019, June 26, 2019 and June 27, 2019.
Morgan Stanley & Co. LLC is the agent with J.P. Morgan Securities LLC and JPMorgan Chase Bank, NA as placement agents.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered return enhanced notes
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| Underlying index: | Euro Stoxx 50
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| Amount: | $7.55 million
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| Maturity: | July 2, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus triple any index gain, capped at 26.4%; par if index falls by up to 10%; 1.111% loss for each 1% index declines beyond 10%
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| Initial level: | 3,441.46
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| Pricing date: | Feb. 23
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| Settlement date: | Feb. 28
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| Agent: | Morgan Stanley & Co. LLC with JPMorgan Chase Bank, NA and J.P. Morgan Securities LLC as placement agents
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| Fees: | 1.16%
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| Cusip: | 61768CF77
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