By Susanna Moon
Chicago, Aug. 29 – Morgan Stanley Finance LLC priced $1.03 million of 0% buffered Performance Leveraged Upside Securities due Aug. 31, 2019 linked to the iShares MSCI EAFE ETF, according to a 424B2 with the Securities and Exchange Commission.
The payout at maturity will be par plus 150% of any fund gain, up to a maximum payment of $1,172.50 per $1,000 principal amount.
Investors will receive par if the fund falls by up to 15% and will be exposed to any losses beyond the buffer.
The notes are guaranteed by Morgan Stanley.
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 fund: | iShares MSCI EAFE ETF
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Amount: | $1.03 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, capped at 17.25%; par if fund falls by up to 15%; 1% loss per 1% decline beyond 15%
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Initial price: | $66.35
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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: | 61768CPQ4
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