By Kiku Steinfeld
Chicago, July 15 – Morgan Stanley Finance LLC priced $16.1 million of 0% capped leveraged notes due Sept. 13, 2022 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 plus 300% of any index gain, up to a maximum settlement amount of $1,294 per $1,000 of notes.
Investors will be fully exposed to any decline in the index.
Morgan Stanley & Co. LLC is the agent.
Issuer: | Morgan Stanley Finance LLC
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Guarantor: | Morgan Stanley
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Issue: | Capped leveraged notes
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Underlying index: | S&P 500
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Amount: | $16,097,000
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Maturity: | Sept. 13, 2022
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Coupon: | 0%
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Price: | Par
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Payout at maturity: | Par plus 300% of any index gain, capped at par plus 29.4%; full exposure to losses
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Initial level: | 3,152.05
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Pricing date: | July 9
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Settlement date: | July 16
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Agent: | Morgan Stanley & Co. LLC
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Fees: | None
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Cusip: | 61771BUB8
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