By Marisa Wong
Morgantown, W.Va., Feb. 10 – Morgan Stanley Finance LLC priced $3.01 million of 0% lookback capped gears due Feb. 4, 2021 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.
The payout at maturity will be par of $10 plus double any index gain, up to a maximum return of 44.5%.
Investors will be fully exposed to any losses.
The initial index level will be the lowest closing level of the index during the roughly two-week period from pricing through May 12.
Morgan Stanley & Co. LLC is the agent with UBS Financial Services Inc. as dealer.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Lookback capped gears
|
| Underlying index: | S&P 500 index
|
| Amount: | $3,013,500
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| Maturity: | Feb. 4, 2021
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| Coupon: | 0%
|
| Price: | Par
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| Payout at maturity: | If the index finishes above its initial level, par plus 2 times the gain, capped at 44.5%; 1% loss for each 1% index decline
|
| Initial index level: | Lowest closing level of the index during period from Feb. 1 through May 12
|
| Pricing date: | Feb. 1
|
| Settlement date: | Feb. 6
|
| Agent: | Morgan Stanley & Co. LLC with UBS Financial Services Inc. as dealer
|
| Fees: | 3%
|
| Cusip: | 61766V230
|
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