By Wendy Van Sickle
Columbus, Ohio, May 16 – Morgan Stanley Finance LLC priced $2 million of 0% Performance Leveraged Upside Securities due May 16, 2025 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
If the index finishes above its initial level, the payout at maturity will be par plus 181% of the gain.
Investors will be fully exposed to any losses.
The notes are guaranteed by Morgan Stanley.
Morgan Stanley & Co. LLC is the agent.
| Issuer: | Morgan Stanley Finance LLC
|
| Guarantor: | Morgan Stanley
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| Issue: | Performance Leveraged Upside Securities
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| Underlying index: | S&P 500
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| Amount: | $2 million
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| Maturity: | May 16, 2025
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | If index gains, par plus 181% of return; 1% loss per 1% decline
|
| Initial level: | 2,811.87
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| Pricing date: | May 13
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| Settlement date: | May 16
|
| Agent: | Morgan Stanley & Co. LLC
|
| Fees: | 0.25%
|
| Cusip: | 61769HBV6
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