By Tali Rackner
Minneapolis, Aug. 28 – Morgan Stanley Finance LLC priced $1 million of 0% buffered Performance Leveraged Upside Securities due Aug. 28, 2019 linked to the iShares MSCI Emerging Markets exchange-traded fund, 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 150% of any fund gain, up to a maximum payment of $1,190.20 per buffered PLUS.
Investors will receive par if the fund falls by up to 15% and will be exposed to any losses beyond 15%, with a minimum payment of $150 per buffered PLUS.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
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| Guarantor: | Morgan Stanley
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| Issue: | Buffered Performance Leveraged Upside Securities
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| Underlying ETF: | iShares MSCI Emerging Markets ETF
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| Amount: | $1 million
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| Maturity: | Aug. 28, 2019
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 150% of any fund gain, up to maximum payment of $1,190.20 per buffered PLUS; if fund falls by up to 15%, par; otherwise, 1% loss per 1% decline beyond 15%, with minimum payment of $150 per buffered PLUS
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| Initial price: | $44.67
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| Pricing date: | Aug. 24
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| Settlement date: | Aug. 29
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| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 0.25%
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| Cusip: | 61768CPP6
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