By Wendy Van Sickle
Columbus, Ohio, Dec. 9 – Morgan Stanley Finance LLC priced $2 million of 0% buffered Performance Leveraged Upside Securities due March 12, 2019 linked to the S&P 500 index, according to a 424B2 filed with the Securities and Exchange Commission.
The notes are guaranteed by Morgan Stanley.
The payout at maturity will be par plus 1.5 times any index gain, up to a maximum return of par plus 21%.
Investors will receive par if the index falls by up to 15% and will lose 1% for every 1% decline beyond 15%.
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 index: | S&P 500
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Amount: | $2 million
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Maturity: | March 12, 2019
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Coupon: | 0%
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Price: | Par of $10
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Payout at maturity: | Par plus 150% of any index gain, capped at par plus 21%; par if index falls by up to 15%; 1% loss for each 1% drop beyond 15%
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Initial level: | 2,241.35
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Pricing date: | Dec. 7
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Settlement date: | Dec. 12
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Agent: | Morgan Stanley & Co. LLC
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Fees: | 0.6%
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Cusip: | 61768CCX3
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