By Tali Rackner
Minneapolis, May 1 – Morgan Stanley Finance LLC priced $1.21 million of 0% buffered Performance Leveraged Upside Securities due April 16, 2021 linked to a basket of two indexes and one exchange-traded fund, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The basket consists of the S&P 500 index with a 40% weight, Euro Stoxx 50 index with a 40% weight and the iShares MSCI Emerging Markets exchange-traded fund with a 20% weight.
The payout at maturity will be par plus 121.25% of any basket gain.
If the basket finishes flat or falls by up to 20%, the payout will be par.
Otherwise, investors will lose 1% for every 1% decline beyond 20%, subject to a minimum payment of $200 per buffered PLUS.
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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| Basket components: | S&P 500 index with a 40% weight, Euro Stoxx 50 index with a 40% weight, iShares MSCI Emerging Markets ETF with a 20% weight
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| Amount: | $1,211,000
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| Maturity: | April 16, 2021
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus 121.25% of any basket gain; par if basket finishes flat or falls by up to 20%; otherwise, 1% for every 1% decline beyond 20%
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| Initial component values: | 2,656.3 for S&P, 3,448 for Stoxx, $47.57 for EM ETF
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| Pricing date: | April 13
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| Settlement date: | April 18
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| Underwriter: | Morgan Stanley & Co. LLC
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| Fees: | 0.75%
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| Cusip: | 61768CR90
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