By William Gullotti
Buffalo, N.Y., May 1 – Morgan Stanley Finance LLC priced $1.2 million of 0% commodity-linked partial principal at risk securities due April 30, 2029 linked to the performance the Bloomberg Commodity index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index gains, the payout at maturity will be par plus 1.75 times the return.
Otherwise, investors will lose 1% for every 1% that the index declines to a minimum payout of 90% of par.
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: | Commodity-linked partial principal at risk securities
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| Underlying index: | Bloomberg Commodity index
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| Amount: | $1.2 million
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| Maturity: | April 30, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 1.75 times index gain; lose 1% for each 1% decline, subject to floor of 90% of par
|
| Initial level: | 102.9191
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| Pricing date: | April 26
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| Settlement date: | April 29
|
| Agent: | Morgan Stanley & Co. LLC
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| Fees: | 3.25%
|
| Cusip: | 61774FDY5
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